Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 52-Week High at $61.09

Schwab US Broad Market ETF (NYSEARCA:SCHB) reached a new 52-week high during trading on Thursday . The company traded as high as $61.09 and last traded at $61.05, with a volume of 144226 shares trading hands. The stock had previously closed at $61.01.

Schwab US Broad Market ETF Stock Performance

The firm has a 50 day moving average price of $58.61 and a two-hundred day moving average price of $54.45. The company has a market cap of $27.19 billion, a P/E ratio of 17.59 and a beta of 1.03.

Institutional Trading of Schwab US Broad Market ETF

Hedge funds have recently bought and sold shares of the company. Evolution Advisers Inc. raised its position in Schwab US Broad Market ETF by 33.8% during the fourth quarter. Evolution Advisers Inc. now owns 756 shares of the company’s stock valued at $42,000 after purchasing an additional 191 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Schwab US Broad Market ETF by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,888 shares of the company’s stock valued at $272,000 after buying an additional 192 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Schwab US Broad Market ETF by 0.9% in the 3rd quarter. Ritholtz Wealth Management now owns 21,628 shares of the company’s stock worth $1,078,000 after buying an additional 203 shares during the last quarter. Guardian Wealth Advisors LLC NC boosted its holdings in shares of Schwab US Broad Market ETF by 7.2% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 3,124 shares of the company’s stock worth $174,000 after purchasing an additional 210 shares during the last quarter. Finally, Abacus Planning Group Inc. raised its position in shares of Schwab US Broad Market ETF by 2.3% during the 3rd quarter. Abacus Planning Group Inc. now owns 9,297 shares of the company’s stock valued at $463,000 after buying an additional 211 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.