Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 12-Month High – Here’s What Happened

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $23.45 and last traded at $23.44, with a volume of 185720 shares trading hands. The stock had previously closed at $23.23.

Schwab US Broad Market ETF Price Performance

The business’s 50-day simple moving average is $22.43 and its two-hundred day simple moving average is $21.50. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02.

Institutional Investors Weigh In On Schwab US Broad Market ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Schwab US Broad Market ETF during the second quarter valued at about $28,000. Bruce G. Allen Investments LLC bought a new stake in Schwab US Broad Market ETF during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC bought a new stake in Schwab US Broad Market ETF during the 2nd quarter worth approximately $30,000. Hantz Financial Services Inc. acquired a new position in Schwab US Broad Market ETF in the 2nd quarter valued at approximately $65,000. Finally, Joseph Group Capital Management bought a new position in shares of Schwab US Broad Market ETF during the third quarter valued at $66,000.

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.