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

Schwab US Broad Market ETF (NYSEARCA:SCHB) hit a new 52-week high during trading on Monday . The company traded as high as $23.45 and last traded at $23.44, with a volume of 185720 shares traded. The stock had previously closed at $23.23.

Schwab US Broad Market ETF Price Performance

The stock has a 50-day moving average of $22.43 and a 200 day moving average of $21.50. The company has a market cap of $10.72 billion, a P/E ratio of 25.24 and a beta of 1.02.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC raised its position in Schwab US Broad Market ETF by 6,212.4% during the second quarter. Strategic Financial Concepts LLC now owns 4,696,336 shares of the company’s stock valued at $291,000 after purchasing an additional 4,621,937 shares in the last quarter. TruNorth Capital Management LLC acquired a new position in shares of Schwab US Broad Market ETF during the 1st quarter worth $78,880,000. WT Wealth Management lifted its position in shares of Schwab US Broad Market ETF by 195.4% during the 3rd quarter. WT Wealth Management now owns 1,235,645 shares of the company’s stock worth $82,195,000 after buying an additional 817,389 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in Schwab US Broad Market ETF by 196.4% in the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 868,604 shares of the company’s stock valued at $57,780,000 after buying an additional 575,590 shares in the last quarter. Finally, Accredited Investors Inc. grew its position in Schwab US Broad Market ETF by 55.5% in the second quarter. Accredited Investors Inc. now owns 1,611,625 shares of the company’s stock valued at $101,323,000 after acquiring an additional 575,019 shares during the last quarter.

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.