Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 12-Month High – Should You Buy?

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

Schwab US Broad Market ETF Stock Down 0.0 %

The firm has a 50 day moving average of $22.11 and a two-hundred day moving average of $21.29. The firm has a market capitalization of $10.67 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

Large investors have recently added to or reduced their stakes in the business. Cerity Partners LLC grew its stake in Schwab US Broad Market ETF by 5.8% in the third quarter. Cerity Partners LLC now owns 375,895 shares of the company’s stock valued at $25,005,000 after acquiring an additional 20,504 shares during the period. Nwam LLC acquired a new stake in Schwab US Broad Market ETF in the third quarter valued at approximately $556,000. Meridian Wealth Management LLC acquired a new stake in Schwab US Broad Market ETF in the third quarter valued at approximately $10,981,000. Asset Management Group Inc. lifted its holdings in Schwab US Broad Market ETF by 1.8% during the third quarter. Asset Management Group Inc. now owns 33,108 shares of the company’s stock worth $2,202,000 after acquiring an additional 588 shares during the period. Finally, Wrenne Financial Planning LLC lifted its holdings in Schwab US Broad Market ETF by 3.8% during the third quarter. Wrenne Financial Planning LLC now owns 76,073 shares of the company’s stock worth $5,060,000 after acquiring an additional 2,768 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.