Schwab US Broad Market ETF (NYSEARCA:SCHB) Sees Large Volume Increase – Still a Buy?

Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) saw an uptick in trading volume on Thursday . 5,454,349 shares changed hands during mid-day trading, an increase of 131% from the previous session’s volume of 2,362,210 shares.The stock last traded at $22.76 and had previously closed at $22.65.

Schwab US Broad Market ETF Trading Up 0.4 %

The stock has a market capitalization of $10.45 billion, a P/E ratio of 25.24 and a beta of 1.02. The business has a 50-day moving average price of $22.94 and a two-hundred day moving average price of $21.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of Schwab US Broad Market ETF in the second quarter valued at approximately $28,000. Hantz Financial Services Inc. bought a new position in shares of Schwab US Broad Market ETF in the 2nd quarter worth about $65,000. Joseph Group Capital Management bought a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter valued at about $66,000. Northwest Investment Counselors LLC acquired a new stake in Schwab US Broad Market ETF during the third quarter worth approximately $69,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Schwab US Broad Market ETF in the second quarter valued at approximately $79,000.

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.