Schwab US Broad Market ETF (NYSEARCA:SCHB – Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $29.56 and traded as high as $29.63. Schwab US Broad Market ETF shares last traded at $29.58, with a volume of 9,731,011 shares traded.
Schwab US Broad Market ETF Trading Up 0.6%
The firm has a market capitalization of $44.95 billion, a PE ratio of 25.08 and a beta of 1.02. The stock’s 50 day moving average price is $29.56 and its two-hundred day moving average price is $28.08.
Hedge Funds Weigh In On Schwab US Broad Market ETF
A number of institutional investors have recently made changes to their positions in the stock. Rebalance LLC lifted its position in shares of Schwab US Broad Market ETF by 3.7% in the third quarter. Rebalance LLC now owns 15,288,013 shares of the company’s stock valued at $448,092,000 after acquiring an additional 549,560 shares in the last quarter. Hengehold Capital Management LLC purchased a new stake in Schwab US Broad Market ETF during the 3rd quarter worth about $222,931,000. Hanson & Doremus Investment Management increased its position in Schwab US Broad Market ETF by 1.3% during the 3rd quarter. Hanson & Doremus Investment Management now owns 7,130,203 shares of the company’s stock worth $208,986,000 after purchasing an additional 94,860 shares in the last quarter. Evergreen Advisors LLC increased its position in Schwab US Broad Market ETF by 1.8% during the 1st quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock worth $157,632,000 after purchasing an additional 112,717 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC purchased a new stake in Schwab US Broad Market ETF during the 3rd quarter worth about $175,355,000.
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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.
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