Schwab US Broad Market ETF (NYSEARCA:SCHB) Sees Unusually-High Trading Volume – Should You Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares saw unusually-high trading volume on Monday . Approximately 12,409,388 shares were traded during trading, an increase of 213% from the previous session’s volume of 3,963,744 shares.The stock last traded at $21.55 and had previously closed at $22.18.

Schwab US Broad Market ETF Stock Up 0.5 %

The firm has a 50-day moving average of $23.05 and a two-hundred day moving average of $22.71. The stock has a market capitalization of $30.77 billion, a price-to-earnings ratio of 23.90 and a beta of 1.05.

Hedge Funds Weigh In On Schwab US Broad Market ETF

A number of institutional investors have recently modified their holdings of SCHB. Brooklyn FI LLC increased its stake in Schwab US Broad Market ETF by 17,756.0% during the fourth quarter. Brooklyn FI LLC now owns 23,155,242 shares of the company’s stock valued at $576,012,000 after acquiring an additional 23,025,564 shares during the period. Betterment LLC raised its holdings in shares of Schwab US Broad Market ETF by 193.5% in the fourth quarter. Betterment LLC now owns 17,773,620 shares of the company’s stock valued at $403,461,000 after buying an additional 11,718,291 shares during the last quarter. Rebalance LLC grew its stake in shares of Schwab US Broad Market ETF by 199.9% during the fourth quarter. Rebalance LLC now owns 11,471,005 shares of the company’s stock valued at $260,392,000 after purchasing an additional 7,646,591 shares during the last quarter. SCS Capital Management LLC increased its stake in shares of Schwab US Broad Market ETF by 170.1% in the 4th quarter. SCS Capital Management LLC now owns 10,204,017 shares of the company’s stock valued at $231,631,000 after buying an additional 6,426,551 shares during the period. Finally, Evensky & Katz LLC raised its holdings in Schwab US Broad Market ETF by 187.7% during the 4th quarter. Evensky & Katz LLC now owns 9,325,113 shares of the company’s stock worth $211,680,000 after purchasing an additional 6,084,141 shares during the last quarter.

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.