Schwab US Small-Cap ETF (NYSEARCA:SCHA) Hits New 52-Week High – Time to Buy?

Schwab US Small-Cap ETF (NYSEARCA:SCHA) shares hit a new 52-week high on Monday . The stock traded as high as $32.69 and last traded at $32.68, with a volume of 158697 shares trading hands. The stock had previously closed at $32.62.

Schwab US Small-Cap ETF Stock Down 0.2%

The company’s 50 day simple moving average is $30.30 and its two-hundred day simple moving average is $29.51. The company has a market capitalization of $22.40 billion, a price-to-earnings ratio of 17.65 and a beta of 1.10.

Institutional Investors Weigh In On Schwab US Small-Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. New York Life Investment Management LLC raised its holdings in shares of Schwab US Small-Cap ETF by 151.5% during the third quarter. New York Life Investment Management LLC now owns 1,350,769 shares of the company’s stock worth $37,686,000 after purchasing an additional 813,680 shares during the last quarter. Game Plan Financial Advisors LLC raised its holdings in shares of Schwab US Small-Cap ETF by 20.5% during the third quarter. Game Plan Financial Advisors LLC now owns 202,467 shares of the company’s stock worth $5,649,000 after purchasing an additional 34,453 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Schwab US Small-Cap ETF by 41.3% during the third quarter. CIBC Private Wealth Group LLC now owns 70,203 shares of the company’s stock worth $1,959,000 after purchasing an additional 20,505 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Schwab US Small-Cap ETF by 494.9% during the third quarter. EverSource Wealth Advisors LLC now owns 59,363 shares of the company’s stock worth $1,656,000 after purchasing an additional 49,385 shares during the last quarter. Finally, Dorato Capital Management purchased a new position in shares of Schwab US Small-Cap ETF during the fourth quarter worth $2,419,000.

Schwab US Small-Cap ETF Company Profile

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.