Schwab US Broad Market ETF (NYSEARCA:SCHB) Reaches New 1-Year High – Still a Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares reached a new 52-week high on Wednesday . The stock traded as high as $22.88 and last traded at $22.86, with a volume of 391237 shares. The stock had previously closed at $22.35.

Schwab US Broad Market ETF Stock Performance

The company has a market cap of $10.56 billion, a P/E ratio of 25.24 and a beta of 1.02. The business has a fifty day simple moving average of $21.99 and a 200 day simple moving average of $21.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SCHB. NYL Investors LLC lifted its holdings in Schwab US Broad Market ETF by 2.1% in the third quarter. NYL Investors LLC now owns 67,700 shares of the company’s stock worth $4,503,000 after purchasing an additional 1,400 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of Schwab US Broad Market ETF by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 634,689 shares of the company’s stock worth $42,219,000 after acquiring an additional 32,713 shares during the period. Schrum Private Wealth Management LLC boosted its holdings in shares of Schwab US Broad Market ETF by 100.0% in the third quarter. Schrum Private Wealth Management LLC now owns 11,900 shares of the company’s stock valued at $792,000 after acquiring an additional 5,950 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Schwab US Broad Market ETF during the third quarter worth approximately $291,000. Finally, OLD Second National Bank of Aurora acquired a new stake in Schwab US Broad Market ETF in the third quarter worth approximately $183,000.

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.