Schwab US Broad Market ETF (NYSEARCA:SCHB) Stock Price Up 1.3% – Time to Buy?

Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) were up 1.3% on Tuesday . The company traded as high as $22.35 and last traded at $22.35. Approximately 2,337,225 shares changed hands during trading, an increase of 2% from the average daily volume of 2,294,683 shares. The stock had previously closed at $22.06.

Schwab US Broad Market ETF Stock Performance

The business has a fifty day moving average of $21.99 and a two-hundred day moving average of $21.19. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Large investors have recently modified their holdings of the stock. Strategic Financial Concepts LLC raised its stake in Schwab US Broad Market ETF by 6,212.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 4,696,336 shares of the company’s stock worth $291,000 after purchasing an additional 4,621,937 shares in the last quarter. Rebalance LLC boosted its stake in shares of Schwab US Broad Market ETF by 4.6% in the third quarter. Rebalance LLC now owns 3,824,414 shares of the company’s stock valued at $254,400,000 after buying an additional 167,787 shares during the period. Hengehold Capital Management LLC boosted its stake in shares of Schwab US Broad Market ETF by 1.3% in the third quarter. Hengehold Capital Management LLC now owns 3,056,040 shares of the company’s stock valued at $203,288,000 after buying an additional 38,823 shares during the period. Strid Group LLC grew its position in Schwab US Broad Market ETF by 4.0% during the third quarter. Strid Group LLC now owns 2,864,158 shares of the company’s stock worth $190,524,000 after buying an additional 111,281 shares in the last quarter. Finally, Evergreen Advisors LLC increased its stake in Schwab US Broad Market ETF by 1.0% during the 2nd quarter. Evergreen Advisors LLC now owns 2,182,804 shares of the company’s stock worth $137,233,000 after acquiring an additional 21,357 shares during the period.

Schwab US Broad Market ETF Company Profile

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.