Schwab US Broad Market ETF (NYSEARCA:SCHB) Trading 1.3% Higher – Here’s Why

Schwab US Broad Market ETF (NYSEARCA:SCHB) shot up 1.3% during trading on Tuesday . The stock traded as high as $22.35 and last traded at $22.35. 2,337,225 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 2,294,683 shares. The stock had previously closed at $22.06.

Schwab US Broad Market ETF Trading Up 0.7 %

The company has a 50 day moving average price of $22.05 and a 200 day moving average price of $21.22. The company has a market capitalization of $10.63 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

Institutional investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Schwab US Broad Market ETF during the second quarter worth $28,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Schwab US Broad Market ETF during the second quarter worth $29,000. GAMMA Investing LLC bought a new position in Schwab US Broad Market ETF during the second quarter worth about $30,000. Joseph Group Capital Management bought a new position in Schwab US Broad Market ETF during the third quarter worth about $66,000. Finally, Hantz Financial Services Inc. bought a new position in Schwab US Broad Market ETF during the second quarter worth about $65,000.

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.