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

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $66.62 and last traded at $66.59, with a volume of 163651 shares. The stock had previously closed at $66.37.

Schwab US Broad Market ETF Stock Up 0.5 %

The firm has a market capitalization of $30.66 billion, a P/E ratio of 25.24 and a beta of 1.02. The firm has a 50 day moving average of $64.37 and a 200-day moving average of $62.55.

Schwab US Broad Market ETF shares are going to split on Friday, October 11th. The 3-1 split was announced on Wednesday, September 25th. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, October 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in Schwab US Broad Market ETF in the second quarter valued at approximately $28,000. Bruce G. Allen Investments LLC acquired a new position in shares of Schwab US Broad Market ETF during the second quarter worth approximately $29,000. GAMMA Investing LLC acquired a new stake in Schwab US Broad Market ETF in the 2nd quarter valued at $30,000. Scarborough Advisors LLC bought a new stake in Schwab US Broad Market ETF during the 4th quarter valued at $43,000. Finally, Palisade Asset Management LLC bought a new stake in Schwab US Broad Market ETF during the 1st quarter valued at $56,000.

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.