Schwab US Small-Cap ETF (NYSEARCA:SCHA) Sets New 1-Year High – Still a Buy?

Schwab US Small-Cap ETF (NYSEARCA:SCHA) reached a new 52-week high on Wednesday . The stock traded as high as $27.36 and last traded at $27.30, with a volume of 50353 shares changing hands. The stock had previously closed at $26.14.

Schwab US Small-Cap ETF Price Performance

The stock’s 50 day simple moving average is $25.57 and its 200-day simple moving average is $24.65. The company has a market capitalization of $9.64 billion, a PE ratio of 14.51 and a beta of 1.19.

Hedge Funds Weigh In On Schwab US Small-Cap ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCHA. International Assets Investment Management LLC raised its stake in shares of Schwab US Small-Cap ETF by 489,456.8% in the third quarter. International Assets Investment Management LLC now owns 2,653,398 shares of the company’s stock valued at $136,650,000 after acquiring an additional 2,652,856 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of Schwab US Small-Cap ETF by 3,222.1% during the second quarter. Strategic Financial Concepts LLC now owns 2,263,925 shares of the company’s stock worth $997,000 after buying an additional 2,195,778 shares in the last quarter. Charles Schwab Investment Advisory Inc. increased its stake in shares of Schwab US Small-Cap ETF by 2.3% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 76,381,367 shares of the company’s stock worth $3,761,019,000 after buying an additional 1,743,851 shares during the period. BlueSky Wealth Advisors LLC acquired a new stake in Schwab US Small-Cap ETF in the second quarter valued at approximately $19,904,000. Finally, Empower Advisory Group LLC lifted its stake in Schwab US Small-Cap ETF by 2.9% in the third quarter. Empower Advisory Group LLC now owns 12,298,227 shares of the company’s stock worth $633,359,000 after acquiring an additional 348,995 shares during the last quarter.

About Schwab US Small-Cap ETF

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index.