Schwab US Broad Market ETF (NYSEARCA:SCHB) Sets New 52-Week High – What’s Next?

Schwab US Broad Market ETF (NYSEARCA:SCHB) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.74 and last traded at $23.68, with a volume of 7598 shares trading hands. The stock had previously closed at $23.65.

Schwab US Broad Market ETF Stock Up 0.3 %

The company has a 50 day simple moving average of $23.19 and a 200-day simple moving average of $22.51. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02.

Institutional Trading of Schwab US Broad Market ETF

Several institutional investors have recently added to or reduced their stakes in SCHB. Wick Capital Partners LLC boosted its stake in Schwab US Broad Market ETF by 203.7% in the fourth quarter. Wick Capital Partners LLC now owns 9,468 shares of the company’s stock valued at $215,000 after acquiring an additional 6,350 shares during the period. Retirement Planning Group LLC lifted its holdings in shares of Schwab US Broad Market ETF by 222.5% in the 4th quarter. Retirement Planning Group LLC now owns 5,777,637 shares of the company’s stock worth $131,152,000 after purchasing an additional 3,986,204 shares during the last quarter. Connecticut Wealth Management LLC boosted its position in Schwab US Broad Market ETF by 1,486.4% during the 4th quarter. Connecticut Wealth Management LLC now owns 75,640 shares of the company’s stock valued at $1,896,000 after purchasing an additional 70,872 shares during the period. Pacific Center for Financial Services boosted its position in Schwab US Broad Market ETF by 199.7% during the 4th quarter. Pacific Center for Financial Services now owns 6,693 shares of the company’s stock valued at $152,000 after purchasing an additional 4,460 shares during the period. Finally, Pinkerton Retirement Specialists LLC grew its stake in Schwab US Broad Market ETF by 158.3% during the 4th quarter. Pinkerton Retirement Specialists LLC now owns 548,603 shares of the company’s stock worth $12,453,000 after buying an additional 336,233 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.