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

Schwab US Broad Market ETF (NYSEARCA:SCHB)’s share price reached a new 52-week high on Monday . The stock traded as high as $28.44 and last traded at $28.44, with a volume of 406413 shares traded. The stock had previously closed at $28.42.

Schwab US Broad Market ETF Price Performance

The stock has a market cap of $42.01 billion, a P/E ratio of 25.08 and a beta of 1.02. The firm’s fifty day moving average price is $26.42 and its two-hundred day moving average price is $26.37.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. NWK Group Inc. increased its stake in Schwab US Broad Market ETF by 23.0% during the 1st quarter. NWK Group Inc. now owns 1,897 shares of the company’s stock valued at $48,000 after buying an additional 355 shares during the period. NerdWallet Wealth Partners LLC raised its holdings in shares of Schwab US Broad Market ETF by 4.5% in the 1st quarter. NerdWallet Wealth Partners LLC now owns 9,017 shares of the company’s stock worth $226,000 after purchasing an additional 385 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of Schwab US Broad Market ETF by 0.4% in the 3rd quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock worth $2,572,000 after purchasing an additional 388 shares in the last quarter. Wealthgarden F.S. LLC raised its holdings in shares of Schwab US Broad Market ETF by 1.2% in the 1st quarter. Wealthgarden F.S. LLC now owns 34,107 shares of the company’s stock worth $856,000 after purchasing an additional 395 shares in the last quarter. Finally, Occidental Asset Management LLC raised its holdings in shares of Schwab US Broad Market ETF by 4.2% in the 4th quarter. Occidental Asset Management LLC now owns 9,880 shares of the company’s stock worth $259,000 after purchasing an additional 400 shares in 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.