Schwab US Broad Market ETF (NYSEARCA:SCHB) Sees Large Volume Increase – Here’s Why

by · The Markets Daily

Schwab US Broad Market ETF (NYSEARCA:SCHB – Get Free Report) shares saw strong trading volume on Thursday . 5,454,349 shares changed hands during mid-day trading, an increase of 131% from the previous session’s volume of 2,362,210 shares.The stock last traded at $22.76 and had previously closed at $22.65.

Schwab US Broad Market ETF Stock Performance

The firm’s 50-day moving average is $22.96 and its 200 day moving average is $21.90. The stock has a market cap of $10.53 billion, a PE ratio of 25.24 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Financial Concepts LLC boosted its stake in shares of Schwab US Broad Market ETF by 6,212.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,696,336 shares of the company’s stock worth $291,000 after acquiring an additional 4,621,937 shares in the last quarter. Rebalance LLC boosted its position in Schwab US Broad Market ETF by 4.6% during the third quarter. Rebalance LLC now owns 3,824,414 shares of the company’s stock worth $254,400,000 after purchasing an additional 167,787 shares in the last quarter. Hengehold Capital Management LLC grew its holdings in 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 purchasing an additional 38,823 shares during the last quarter. Strid Group LLC increased its position in shares of Schwab US Broad Market ETF by 4.0% in the third quarter. Strid Group LLC now owns 2,864,158 shares of the company’s stock valued at $190,524,000 after buying an additional 111,281 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Schwab US Broad Market ETF by 7.8% during the 3rd quarter. HighTower Advisors LLC now owns 2,660,625 shares of the company’s stock worth $177,000,000 after buying an additional 191,480 shares during the last quarter.

About Schwab US Broad Market ETF

(Get Free Report)

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.

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