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

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s share price traded 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 changed hands during 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 stock has a fifty day moving average of $22.05 and a two-hundred day moving average of $21.22. The stock 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

A number of hedge funds and other institutional investors have recently bought and sold shares of SCHB. Janney Montgomery Scott LLC increased its holdings in Schwab US Broad Market ETF by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,569 shares of the company’s stock valued at $2,660,000 after purchasing an additional 837 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Schwab US Broad Market ETF in the 1st quarter valued at $400,000. QRG Capital Management Inc. increased its stake in shares of Schwab US Broad Market ETF by 4.3% in the 1st quarter. QRG Capital Management Inc. now owns 9,128 shares of the company’s stock valued at $557,000 after buying an additional 379 shares during the period. US Bancorp DE increased its stake in shares of Schwab US Broad Market ETF by 53.1% in the 1st quarter. US Bancorp DE now owns 20,419 shares of the company’s stock valued at $1,247,000 after buying an additional 7,079 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in shares of Schwab US Broad Market ETF by 21.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 11,473 shares of the company’s stock valued at $700,000 after buying an additional 2,006 shares during the period.

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.