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

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $23.35 and last traded at $23.35, with a volume of 9561 shares traded. The stock had previously closed at $23.21.

Schwab US Broad Market ETF Price Performance

The firm’s 50 day moving average is $22.19 and its 200 day moving average is $21.33. The company has a market cap of $10.59 billion, a PE ratio of 25.24 and a beta of 1.02.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Hedge funds have recently bought and sold shares of the company. Strategic Financial Concepts LLC grew its stake in Schwab US Broad Market ETF by 6,212.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 4,696,336 shares of the company’s stock worth $291,000 after buying an additional 4,621,937 shares in the last quarter. Rebalance LLC grew its stake in Schwab US Broad Market ETF by 4.6% in the 3rd quarter. Rebalance LLC now owns 3,824,414 shares of the company’s stock worth $254,400,000 after buying an additional 167,787 shares in the last quarter. Hengehold Capital Management LLC grew its stake in Schwab US Broad Market ETF by 1.3% in the 3rd quarter. Hengehold Capital Management LLC now owns 3,056,040 shares of the company’s stock worth $203,288,000 after buying an additional 38,823 shares in the last quarter. Strid Group LLC grew its stake in Schwab US Broad Market ETF by 4.0% in the 3rd quarter. Strid Group LLC now owns 2,864,158 shares of the company’s stock worth $190,524,000 after buying an additional 111,281 shares in the last quarter. Finally, Evergreen Advisors LLC lifted its holdings in shares of Schwab US Broad Market ETF by 1.0% in the 2nd quarter. Evergreen Advisors LLC now owns 2,182,804 shares of the company’s stock worth $137,233,000 after acquiring an additional 21,357 shares during 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.