Schwab US Broad Market ETF (NYSEARCA:SCHB) Reaches New 12-Month High – Should You Buy?

Schwab US Broad Market ETF (NYSEARCA:SCHB) shares hit a new 52-week high on Thursday . The company traded as high as $25.31 and last traded at $25.20, with a volume of 5644527 shares changing hands. The stock had previously closed at $25.14.

Schwab US Broad Market ETF Price Performance

The stock’s 50 day simple moving average is $24.55 and its two-hundred day simple moving average is $22.90. The stock has a market cap of $36.43 billion, a P/E ratio of 25.08 and a beta of 1.03.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in Schwab US Broad Market ETF by 9.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,095,500 shares of the company’s stock valued at $45,116,000 after buying an additional 178,997 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Schwab US Broad Market ETF by 5.3% in the first quarter. Stratos Wealth Partners LTD. now owns 24,351 shares of the company’s stock valued at $524,000 after buying an additional 1,220 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Schwab US Broad Market ETF by 222.2% in the fourth quarter. Ameriprise Financial Inc. now owns 443,973 shares of the company’s stock valued at $10,078,000 after buying an additional 306,174 shares in the last quarter. GAMMA Investing LLC lifted its stake in Schwab US Broad Market ETF by 2,053.0% in the first quarter. GAMMA Investing LLC now owns 31,132 shares of the company’s stock valued at $670,000 after buying an additional 29,686 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Schwab US Broad Market ETF by 3.4% in the first quarter. Park Avenue Securities LLC now owns 37,673 shares of the company’s stock valued at $811,000 after buying an additional 1,249 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.