Schwab US Small-Cap ETF (NYSEARCA:SCHA) Reaches New 1-Year High – Time to Buy?

Shares of Schwab US Small-Cap ETF (NYSEARCA:SCHA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $33.65 and last traded at $33.52, with a volume of 157705 shares. The stock had previously closed at $33.46.

Schwab US Small-Cap ETF Price Performance

The business has a fifty day simple moving average of $30.45 and a 200 day simple moving average of $29.62. The firm has a market cap of $23.11 billion, a price-to-earnings ratio of 17.65 and a beta of 1.10.

Hedge Funds Weigh In On Schwab US Small-Cap ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in shares of Schwab US Small-Cap ETF by 37.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 139,929 shares of the company’s stock worth $4,069,000 after acquiring an additional 37,826 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Schwab US Small-Cap ETF in the 1st quarter worth approximately $49,000. Cutler Investment Counsel LLC grew its holdings in shares of Schwab US Small-Cap ETF by 10.6% in the 1st quarter. Cutler Investment Counsel LLC now owns 201,800 shares of the company’s stock worth $5,868,000 after acquiring an additional 19,283 shares during the period. Meeder Advisory Services Inc. grew its holdings in shares of Schwab US Small-Cap ETF by 3.3% in the 1st quarter. Meeder Advisory Services Inc. now owns 256,725 shares of the company’s stock worth $7,466,000 after acquiring an additional 8,204 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in shares of Schwab US Small-Cap ETF in the 1st quarter worth approximately $1,047,000.

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.