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

Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) saw unusually-strong trading volume on Monday . Approximately 12,409,388 shares changed hands during trading, an increase of 213% from the previous session’s volume of 3,963,744 shares.The stock last traded at $21.55 and had previously closed at $22.18.

Schwab US Broad Market ETF Stock Up 0.5 %

The business has a fifty day moving average price of $23.05 and a 200 day moving average price of $22.71. The company has a market capitalization of $30.77 billion, a P/E ratio of 23.90 and a beta of 1.05.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Several hedge funds have recently modified their holdings of the stock. Valeo Financial Advisors LLC increased its position in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 16,468 shares of the company’s stock worth $374,000 after acquiring an additional 10,979 shares during the period. Versant Capital Management Inc lifted its stake in Schwab US Broad Market ETF by 201.0% in the 4th quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock valued at $318,000 after purchasing an additional 9,352 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Schwab US Broad Market ETF by 194.3% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 25,146 shares of the company’s stock valued at $571,000 after acquiring an additional 16,602 shares in the last quarter. Fulcrum Equity Management boosted its position in Schwab US Broad Market ETF by 6.3% during the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock worth $744,000 after buying an additional 668 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Schwab US Broad Market ETF during the third quarter worth $703,000.

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.