Envestnet Portfolio Solutions Inc. Raises Stock Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Envestnet Portfolio Solutions Inc. boosted its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 185.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 535,555 shares of the company’s stock after purchasing an additional 347,662 shares during the period. Envestnet Portfolio Solutions Inc. owned about 0.12% of Schwab US Broad Market ETF worth $12,157,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Promus Capital LLC purchased a new position in Schwab US Broad Market ETF in the fourth quarter valued at about $25,000. Blume Capital Management Inc. boosted its holdings in Schwab US Broad Market ETF by 200.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock valued at $25,000 after purchasing an additional 741 shares during the last quarter. Maryland Capital Advisors Inc. raised its stake in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after buying an additional 774 shares in the last quarter. Wiser Advisor Group LLC raised its stake in Schwab US Broad Market ETF by 200.8% during the fourth quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 785 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. raised its stake in 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 buying an additional 834 shares in the last quarter.

Schwab US Broad Market ETF Stock Up 2.2 %

Shares of NYSEARCA SCHB opened at $21.69 on Monday. The stock’s 50 day moving average price is $22.97 and its two-hundred day moving average price is $22.70. Schwab US Broad Market ETF has a 52-week low of $19.14 and a 52-week high of $23.77. The stock has a market capitalization of $31.02 billion, a P/E ratio of 23.90 and a beta of 1.05.

Schwab US Broad Market ETF 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.