Schwab US Broad Market ETF (NYSEARCA:SCHB) Sets New 52-Week High – Should You Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $29.06 and last traded at $29.00, with a volume of 2921490 shares. The stock had previously closed at $28.94.

Schwab US Broad Market ETF Trading Up 0.6%

The firm has a market capitalization of $43.03 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The company’s 50 day moving average is $26.98 and its 200-day moving average is $26.56.

Institutional Investors Weigh In On Schwab US Broad Market ETF

Hedge funds have recently bought and sold shares of the company. ELCO Management Co. LLC lifted its stake in Schwab US Broad Market ETF by 15.9% in the 3rd quarter. ELCO Management Co. LLC now owns 168,506 shares of the company’s stock valued at $4,332,000 after purchasing an additional 23,150 shares during the last quarter. Donaldson Capital Management LLC lifted its position in Schwab US Broad Market ETF by 14.3% during the fourth quarter. Donaldson Capital Management LLC now owns 192,702 shares of the company’s stock worth $5,055,000 after acquiring an additional 24,114 shares during the last quarter. Sunburst Financial Group LLC lifted its position in Schwab US Broad Market ETF by 1.9% during the fourth quarter. Sunburst Financial Group LLC now owns 2,126,176 shares of the company’s stock worth $55,770,000 after acquiring an additional 39,321 shares during the last quarter. Dorato Capital Management acquired a new stake in Schwab US Broad Market ETF during the fourth quarter worth approximately $2,500,000. Finally, Farrow Financial Inc. lifted its position in Schwab US Broad Market ETF by 47.1% during the fourth quarter. Farrow Financial Inc. now owns 83,285 shares of the company’s stock worth $2,185,000 after acquiring an additional 26,673 shares during the last quarter.

Schwab US Broad Market ETF Company Profile

Schwab U.S. Broad Market ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index (the Index). The Index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace. The Fund’s index includes the 2,500 publicly traded United States companies for, which pricing information is available. The types of derivatives used by the Fund are options, futures, options on futures and swaps.