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

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $30.05 and last traded at $30.04, with a volume of 254567 shares changing hands. The stock had previously closed at $29.90.

Schwab US Broad Market ETF Stock Performance

The firm’s 50-day moving average is $28.93 and its 200 day moving average is $27.60. The stock has a market cap of $45.22 billion, a PE ratio of 25.08 and a beta of 1.02.

Institutional Investors Weigh In On Schwab US Broad Market ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SCHB. HighTower Advisors LLC grew its holdings in shares of Schwab US Broad Market ETF by 11.0% during the fourth quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock worth $226,412,000 after buying an additional 854,800 shares during the last quarter. Hanson & Doremus Investment Management raised its stake in Schwab US Broad Market ETF by 0.5% during the 1st quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock valued at $176,733,000 after acquiring an additional 33,281 shares during the last quarter. Evergreen Advisors LLC raised its stake in Schwab US Broad Market ETF by 1.8% during the 1st quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock valued at $157,632,000 after acquiring an additional 112,717 shares during the last quarter. HHM Wealth Advisors LLC lifted its position in Schwab US Broad Market ETF by 2.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock worth $129,179,000 after acquiring an additional 108,943 shares during the period. Finally, TruNorth Capital Management LLC lifted its position in Schwab US Broad Market ETF by 0.4% during the 4th quarter. TruNorth Capital Management LLC now owns 5,090,429 shares of the company’s stock worth $133,522,000 after acquiring an additional 19,118 shares during the period.

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.