Schwab US Broad Market ETF (NYSEARCA:SCHB) Sets New 52-Week High – Should You Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $29.06 and last traded at $29.00, with a volume of 2921490 shares. The stock had previously closed at $28.94.

Schwab US Broad Market ETF Price Performance

The company has a market cap of $43.03 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The business’s fifty day moving average price is $26.98 and its 200 day moving average price is $26.56.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Hedge funds have recently modified their holdings of the business. ELCO Management Co. LLC lifted its holdings in shares of Schwab US Broad Market ETF by 15.9% during the third quarter. ELCO Management Co. LLC now owns 168,506 shares of the company’s stock worth $4,332,000 after purchasing an additional 23,150 shares during the period. Donaldson Capital Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 14.3% during the fourth quarter. Donaldson Capital Management LLC now owns 192,702 shares of the company’s stock worth $5,055,000 after purchasing an additional 24,114 shares during the period. Sunburst Financial Group LLC lifted its holdings in shares of Schwab US Broad Market ETF by 1.9% during the fourth quarter. Sunburst Financial Group LLC now owns 2,126,176 shares of the company’s stock worth $55,770,000 after purchasing an additional 39,321 shares during the period. Dorato Capital Management acquired a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth $2,500,000. Finally, Farrow Financial Inc. lifted its holdings in shares of Schwab US Broad Market ETF by 47.1% during the fourth quarter. Farrow Financial Inc. now owns 83,285 shares of the company’s stock worth $2,185,000 after purchasing an additional 26,673 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.