Schwab US Small-Cap ETF (NYSEARCA:SCHA) Reaches New 1-Year High – Here’s Why

Schwab US Small-Cap ETF (NYSEARCA:SCHA) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.61 and last traded at $29.6340, with a volume of 2897848 shares traded. The stock had previously closed at $29.20.

Schwab US Small-Cap ETF Trading Up 1.7%

The firm has a market capitalization of $20.45 billion, a PE ratio of 17.65 and a beta of 1.13. The firm’s fifty day moving average price is $28.35 and its 200 day moving average price is $27.41.

Institutional Investors Weigh In On Schwab US Small-Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in Schwab US Small-Cap ETF by 182.3% during the fourth quarter. Brighton Jones LLC now owns 57,719 shares of the company’s stock worth $1,493,000 after acquiring an additional 37,271 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Schwab US Small-Cap ETF by 104.3% in the fourth quarter. Revolve Wealth Partners LLC now owns 100,044 shares of the company’s stock valued at $2,587,000 after acquiring an additional 51,064 shares during the period. Bison Wealth LLC boosted its position in Schwab US Small-Cap ETF by 97.3% in the 4th quarter. Bison Wealth LLC now owns 12,578 shares of the company’s stock worth $325,000 after purchasing an additional 6,203 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Schwab US Small-Cap ETF during the 1st quarter worth approximately $226,000. Finally, Baird Financial Group Inc. grew its stake in shares of Schwab US Small-Cap ETF by 29.3% during the 1st quarter. Baird Financial Group Inc. now owns 24,504 shares of the company’s stock worth $574,000 after purchasing an additional 5,552 shares during the period.

Schwab US Small-Cap ETF Company Profile

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.