Schwab US Broad Market ETF (NYSEARCA:SCHB) Hits New 52-Week High – Time to Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $26.83 and last traded at $26.8250, with a volume of 3817299 shares changing hands. The stock had previously closed at $26.79.

Schwab US Broad Market ETF Price Performance

The company has a market capitalization of $39.05 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The stock has a 50 day moving average price of $26.19 and a two-hundred day moving average price of $25.44.

Institutional Trading of Schwab US Broad Market ETF

A number of hedge funds have recently modified their holdings of SCHB. Avantax Advisory Services Inc. increased its position in shares of Schwab US Broad Market ETF by 3.4% during the second quarter. Avantax Advisory Services Inc. now owns 81,215 shares of the company’s stock valued at $1,935,000 after acquiring an additional 2,664 shares during the last quarter. Genesee Capital Advisors LLC increased its position in Schwab US Broad Market ETF by 1.6% during the second quarter. Genesee Capital Advisors LLC now owns 1,514,413 shares of the company’s stock worth $36,088,000 after buying an additional 23,607 shares during the period. Boyum Wealth Architects LLC raised its stake in Schwab US Broad Market ETF by 10.3% during the 3rd quarter. Boyum Wealth Architects LLC now owns 1,225,521 shares of the company’s stock valued at $31,508,000 after acquiring an additional 114,806 shares during the last quarter. Cambridge Financial Group LLC boosted its holdings in shares of Schwab US Broad Market ETF by 43.8% in the second quarter. Cambridge Financial Group LLC now owns 189,882 shares of the company’s stock valued at $4,525,000 after acquiring an additional 57,856 shares in the last quarter. Finally, Weaver Capital Management LLC purchased a new stake in shares of Schwab US Broad Market ETF in the third quarter valued at approximately $35,322,000.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.