Schwab US Broad Market ETF (NYSEARCA:SCHB) Reaches New 1-Year High – Still a Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $29.06 and last traded at $29.00, with a volume of 2921490 shares changing hands. The stock had previously closed at $28.94.

Schwab US Broad Market ETF Stock Up 0.2%

The firm has a market cap of $43.13 billion, a P/E ratio of 25.08 and a beta of 1.02. The firm’s fifty day moving average is $27.12 and its two-hundred day moving average is $26.60.

Institutional Trading of Schwab US Broad Market ETF

Several large investors have recently added to or reduced their stakes in the stock. NWK Group Inc. lifted its stake in shares of Schwab US Broad Market ETF by 23.0% in the first quarter. NWK Group Inc. now owns 1,897 shares of the company’s stock worth $48,000 after acquiring an additional 355 shares in the last quarter. NerdWallet Wealth Partners LLC lifted its stake in shares of Schwab US Broad Market ETF by 4.5% in the first quarter. NerdWallet Wealth Partners LLC now owns 9,017 shares of the company’s stock worth $226,000 after acquiring an additional 385 shares in the last quarter. GeoWealth Management LLC lifted its stake in shares of Schwab US Broad Market ETF by 0.4% in the third quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock worth $2,572,000 after acquiring an additional 388 shares in the last quarter. Wealthgarden F.S. LLC lifted its stake in shares of Schwab US Broad Market ETF by 1.2% in the first quarter. Wealthgarden F.S. LLC now owns 34,107 shares of the company’s stock worth $856,000 after acquiring an additional 395 shares in the last quarter. Finally, Occidental Asset Management LLC lifted its stake in shares of Schwab US Broad Market ETF by 4.2% in the fourth quarter. Occidental Asset Management LLC now owns 9,880 shares of the company’s stock worth $259,000 after acquiring an additional 400 shares in the last quarter.

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.