Schwab US Broad Market ETF (NYSEARCA:SCHB) Sets New 52-Week High – Here’s What Happened

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.61 and last traded at $22.58, with a volume of 522269 shares traded. The stock had previously closed at $22.57.

Schwab US Broad Market ETF Price Performance

The business has a 50-day moving average of $61.45 and a 200-day moving average of $61.55. The company has a market capitalization of $10.36 billion, a P/E ratio of 25.24 and a beta of 1.02.

Institutional Trading of Schwab US Broad Market ETF

Several institutional investors have recently added to or reduced their stakes in SCHB. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Schwab US Broad Market ETF during the second quarter valued at $28,000. Bruce G. Allen Investments LLC purchased a new stake in Schwab US Broad Market ETF in the 2nd quarter valued at about $29,000. GAMMA Investing LLC bought a new position in Schwab US Broad Market ETF in the 2nd quarter worth about $30,000. Scarborough Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth approximately $43,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Schwab US Broad Market ETF during the first quarter valued at approximately $56,000.

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.