Schwab US Broad Market ETF (NYSEARCA:SCHB) Sets New 12-Month High – What’s Next?

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.74 and last traded at $23.68, with a volume of 7598 shares traded. The stock had previously closed at $23.65.

Schwab US Broad Market ETF Stock Performance

The company has a market capitalization of $10.86 billion, a PE ratio of 25.24 and a beta of 1.02. The company’s 50-day simple moving average is $23.20 and its 200-day simple moving average is $22.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Promus Capital LLC purchased a new stake in shares of Schwab US Broad Market ETF in the fourth quarter valued at about $25,000. Blume Capital Management Inc. boosted its holdings in shares of Schwab US Broad Market ETF by 200.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock valued at $25,000 after acquiring an additional 741 shares in the last quarter. Tucker Asset Management LLC boosted its holdings in Schwab US Broad Market ETF by 233.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after buying an additional 765 shares in the last quarter. Studio Investment Management LLC boosted its holdings in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after buying an additional 728 shares in the last quarter. Finally, Maryland Capital Advisors Inc. boosted its holdings in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock worth $26,000 after buying an additional 774 shares in the last quarter.

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.