Schwab US Broad Market ETF (NYSEARCA:SCHB) Reaches New 52-Week High – Time to Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares hit a new 52-week high on Monday . The company traded as high as $23.45 and last traded at $23.44, with a volume of 185720 shares changing hands. The stock had previously closed at $23.23.

Schwab US Broad Market ETF Trading Up 0.4 %

The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. The firm has a 50-day moving average of $22.49 and a 200-day moving average of $21.54.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SCHB. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Schwab US Broad Market ETF in the 2nd quarter valued at $28,000. Bruce G. Allen Investments LLC purchased a new stake in Schwab US Broad Market ETF in the second quarter valued at $29,000. GAMMA Investing LLC purchased a new stake in Schwab US Broad Market ETF in the second quarter valued at $30,000. Hantz Financial Services Inc. acquired a new stake in Schwab US Broad Market ETF during the 2nd quarter worth about $65,000. Finally, Joseph Group Capital Management purchased a new position in shares of Schwab US Broad Market ETF during the 3rd quarter valued at about $66,000.

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.