Parallel Advisors LLC Buys 139,921 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Parallel Advisors LLC boosted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,718 shares of the company’s stock after purchasing an additional 139,921 shares during the quarter. Parallel Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $4,761,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHB. Promus Capital LLC bought a new position in Schwab US Broad Market ETF during the fourth quarter worth $25,000. Blume Capital Management Inc. boosted its position in Schwab US Broad Market ETF by 200.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock worth $25,000 after purchasing an additional 741 shares during the period. Maryland Capital Advisors Inc. boosted its position in shares of Schwab US Broad Market ETF by 200.0% in the fourth quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after acquiring an additional 774 shares during the period. Wiser Advisor Group LLC boosted its position in shares of 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 valued at $27,000 after acquiring an additional 785 shares during the period. Finally, Jackson Grant Investment Advisers Inc. boosted its position in shares of Schwab US Broad Market ETF by 201.0% in 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 period.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock opened at $21.85 on Tuesday. The firm has a 50-day moving average of $22.95 and a 200-day moving average of $22.71. The stock has a market cap of $31.25 billion, a PE ratio of 23.90 and a beta of 1.05. Schwab US Broad Market ETF has a 52-week low of $19.14 and a 52-week high of $23.77.

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.