Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 52-Week High – Here’s Why

Schwab US Broad Market ETF (NYSEARCA:SCHB) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $23.45 and last traded at $23.44, with a volume of 185720 shares. The stock had previously closed at $23.23.

Schwab US Broad Market ETF Stock Performance

The stock has a market cap of $10.77 billion, a PE ratio of 25.24 and a beta of 1.02. The company’s 50-day moving average price is $22.49 and its 200 day moving average price is $21.54.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Several large investors have recently modified their holdings of the business. Strategic Financial Concepts LLC increased its position in shares of Schwab US Broad Market ETF by 6,212.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,696,336 shares of the company’s stock worth $291,000 after purchasing an additional 4,621,937 shares during the last quarter. Rebalance LLC increased its position in shares of Schwab US Broad Market ETF by 4.6% during the third quarter. Rebalance LLC now owns 3,824,414 shares of the company’s stock valued at $254,400,000 after acquiring an additional 167,787 shares during the last quarter. Hengehold Capital Management LLC raised its stake in shares of Schwab US Broad Market ETF by 1.3% in the 3rd quarter. Hengehold Capital Management LLC now owns 3,056,040 shares of the company’s stock valued at $203,288,000 after acquiring an additional 38,823 shares during the period. Strid Group LLC lifted its holdings in shares of Schwab US Broad Market ETF by 4.0% in the 3rd quarter. Strid Group LLC now owns 2,864,158 shares of the company’s stock worth $190,524,000 after acquiring an additional 111,281 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Schwab US Broad Market ETF by 7.8% during the 3rd quarter. HighTower Advisors LLC now owns 2,660,625 shares of the company’s stock worth $177,000,000 after purchasing an additional 191,480 shares during the period.

About Schwab US Broad Market ETF

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.