Schwab US Broad Market ETF (NYSEARCA:SCHB) Reaches New 12-Month High – Should You Buy?

Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) reached a new 52-week high on Tuesday . The company traded as high as $29.45 and last traded at $29.45, with a volume of 210461 shares traded. The stock had previously closed at $29.27.

Schwab US Broad Market ETF Price Performance

The stock has a market capitalization of $44.62 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The firm’s fifty day moving average is $28.86 and its 200-day moving average is $27.48.

Institutional Investors Weigh In On Schwab US Broad Market ETF

Several hedge funds and other institutional investors have recently modified their holdings of SCHB. Financial Life Planners acquired a new position in Schwab US Broad Market ETF in the first quarter worth about $27,000. Birchwood Financial Partners Inc. acquired a new stake in Schwab US Broad Market ETF during the fourth quarter valued at approximately $28,000. Wiser Advisor Group LLC acquired a new stake in Schwab US Broad Market ETF during the third quarter valued at 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.

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