Dravo Bay LLC Makes New $282,000 Investment in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Dravo Bay LLC acquired a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 12,411 shares of the company’s stock, valued at approximately $282,000.

A number of other hedge funds have also recently made changes to their positions in SCHB. Maryland Capital Advisors Inc. grew its position in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after purchasing an additional 774 shares in the last quarter. Wiser Advisor Group LLC lifted its stake in Schwab US Broad Market ETF by 200.8% in the fourth quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock worth $27,000 after purchasing an additional 785 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of Schwab US Broad Market ETF by 201.0% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,249 shares of the company’s stock valued at $28,000 after acquiring an additional 834 shares during the last quarter. Beacon Capital Management LLC raised its stake in shares of Schwab US Broad Market ETF by 200.2% during the fourth quarter. Beacon Capital Management LLC now owns 1,216 shares of the company’s stock valued at $28,000 after acquiring an additional 811 shares during the last quarter. Finally, Albion Financial Group UT raised its stake in shares of Schwab US Broad Market ETF by 200.0% during the fourth quarter. Albion Financial Group UT now owns 1,260 shares of the company’s stock valued at $29,000 after acquiring an additional 840 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB stock opened at $22.53 on Tuesday. The company has a market cap of $32.22 billion, a P/E ratio of 25.96 and a beta of 1.04. Schwab US Broad Market ETF has a 1 year low of $19.14 and a 1 year high of $23.77. The firm has a 50-day moving average of $23.18 and a 200 day moving average of $22.69.

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.