Schwab US Small-Cap ETF (NYSEARCA:SCHA) Shares Break Above Fifty Day Moving Average – Here’s Why

Schwab US Small-Cap ETF (NYSEARCA:SCHA) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $33.34 and traded as high as $33.62. Schwab US Small-Cap ETF shares last traded at $33.52, with a volume of 3,085,533 shares.

Schwab US Small-Cap ETF Stock Performance

The stock has a market capitalization of $22.71 billion, a P/E ratio of 17.65 and a beta of 1.11. The firm’s fifty day simple moving average is $33.31 and its 200 day simple moving average is $32.57.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SCHA. Pine Haven Investment Counsel Inc lifted its stake in Schwab US Small-Cap ETF by 1.9% in the second quarter. Pine Haven Investment Counsel Inc now owns 15,961 shares of the company’s stock worth $577,000 after acquiring an additional 300 shares during the period. Sax Wealth Advisors LLC boosted its holdings in Schwab US Small-Cap ETF by 1.7% in the third quarter. Sax Wealth Advisors LLC now owns 18,327 shares of the company’s stock valued at $598,000 after acquiring an additional 310 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its position in Schwab US Small-Cap ETF by 1.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 31,141 shares of the company’s stock valued at $1,125,000 after purchasing an additional 318 shares during the period. Beacon Capital Management LLC increased its position in Schwab US Small-Cap ETF by 1.7% during the 3rd quarter. Beacon Capital Management LLC now owns 19,325 shares of the company’s stock valued at $631,000 after purchasing an additional 323 shares during the period. Finally, Signature Resources Capital Management LLC increased its position in Schwab US Small-Cap ETF by 2.7% during the 3rd quarter. Signature Resources Capital Management LLC now owns 12,738 shares of the company’s stock valued at $416,000 after purchasing an additional 338 shares during the period.

Schwab US Small-Cap ETF Company Profile

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.