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

Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $28.85 and last traded at $28.82, with a volume of 4872229 shares. The stock had previously closed at $28.60.

Schwab US Broad Market ETF Stock Performance

The stock has a fifty day simple moving average of $26.73 and a 200-day simple moving average of $26.48. The stock has a market cap of $42.57 billion, a P/E ratio of 25.08 and a beta of 1.02.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Large investors have recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Schwab US Broad Market ETF during the 3rd quarter worth about $27,000. Birchwood Financial Partners Inc. acquired a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth about $28,000. Wiser Advisor Group LLC acquired a new position in shares of Schwab US Broad Market ETF during the 3rd quarter worth about $29,000. Bayban acquired a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth about $33,000. Finally, LRI Investments LLC acquired a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth about $35,000.

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.