Schwab US Broad Market ETF (NYSEARCA:SCHB) Sees Large Volume Increase – Should You Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares saw unusually-high trading volume on Monday . Approximately 12,409,388 shares changed hands during mid-day trading, an increase of 213% from the previous session’s volume of 3,963,744 shares.The stock last traded at $21.55 and had previously closed at $22.18.

Schwab US Broad Market ETF Price Performance

The stock has a market capitalization of $30.86 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04. The stock has a 50-day moving average of $23.10 and a 200 day moving average of $22.71.

Institutional Investors Weigh In On Schwab US Broad Market ETF

Institutional investors have recently modified their holdings of the business. Promus Capital LLC bought a new stake in Schwab US Broad Market ETF in the fourth quarter valued at about $25,000. Blume Capital Management Inc. grew its position in shares of Schwab US Broad Market ETF by 200.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock worth $25,000 after buying an additional 741 shares during the period. Tucker Asset Management LLC increased its stake in shares of Schwab US Broad Market ETF by 233.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after acquiring an additional 765 shares during the last quarter. Studio Investment Management LLC raised its position in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after acquiring an additional 728 shares during the period. Finally, Maryland Capital Advisors Inc. boosted its stake in Schwab US Broad Market ETF by 200.0% during the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock worth $26,000 after acquiring an additional 774 shares during the last quarter.

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.