Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 12-Month High – What’s Next?

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares hit a new 52-week high on Wednesday . The company traded as high as $23.35 and last traded at $23.35, with a volume of 9561 shares. The stock had previously closed at $23.21.

Schwab US Broad Market ETF Trading Down 0.7 %

The stock has a market capitalization of $10.59 billion, a P/E ratio of 25.24 and a beta of 1.02. The stock’s fifty day moving average price is $22.19 and its two-hundred day moving average price is $21.33.

Institutional Investors Weigh In On Schwab US Broad Market ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Schwab US Broad Market ETF by 16.7% in the 3rd quarter. FMR LLC now owns 283,117 shares of the company’s stock worth $18,833,000 after buying an additional 40,504 shares during the period. Blue Investment Partners LLC grew its position in shares of Schwab US Broad Market ETF by 5.5% in the 3rd quarter. Blue Investment Partners LLC now owns 187,485 shares of the company’s stock worth $12,472,000 after buying an additional 9,792 shares during the period. Cerity Partners LLC grew its position in shares of Schwab US Broad Market ETF by 5.8% in the 3rd quarter. Cerity Partners LLC now owns 375,895 shares of the company’s stock worth $25,005,000 after buying an additional 20,504 shares during the period. Nwam LLC purchased a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter worth about $556,000. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter worth about $10,981,000.

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.