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

Schwab US Broad Market ETF (NYSEARCA:SCHB) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $28.85 and last traded at $28.82, with a volume of 4872229 shares trading hands. The stock had previously closed at $28.60.

Schwab US Broad Market ETF Trading Up 0.5%

The company has a market cap of $42.48 billion, a P/E ratio of 25.08 and a beta of 1.02. The firm’s 50 day moving average price is $26.79 and its 200-day moving average price is $26.49.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Financial Life Planners bought a new position in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $27,000. Birchwood Financial Partners Inc. bought a new position in Schwab US Broad Market ETF during the 4th quarter worth approximately $28,000. Wiser Advisor Group LLC bought a new position in Schwab US Broad Market ETF during the 3rd quarter worth approximately $29,000. Bayban bought a new position in Schwab US Broad Market ETF during the 4th quarter worth approximately $33,000. Finally, LRI Investments LLC bought a new position in Schwab US Broad Market ETF during the 4th quarter worth approximately $35,000.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.