Schwab US Broad Market ETF (NYSEARCA:SCHB) Position Boosted by Selective Wealth Management Inc.

Selective Wealth Management Inc. increased its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 194.6% during the fourth quarter, Holdings Channel reports. The firm owned 73,734 shares of the company’s stock after purchasing an additional 48,706 shares during the period. Schwab US Broad Market ETF makes up 0.7% of Selective Wealth Management Inc.’s portfolio, making the stock its 23rd largest holding. Selective Wealth Management Inc.’s holdings in Schwab US Broad Market ETF were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cliftonlarsonallen Wealth Advisors LLC boosted its position in shares of Schwab US Broad Market ETF by 195.7% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,752,318 shares of the company’s stock valued at $62,478,000 after purchasing an additional 1,821,631 shares during the period. Myecfo LLC boosted its holdings in shares of Schwab US Broad Market ETF by 206.4% in the fourth quarter. Myecfo LLC now owns 2,270,249 shares of the company’s stock worth $51,539,000 after buying an additional 1,529,275 shares during the period. Winthrop Advisory Group LLC increased its position in shares of Schwab US Broad Market ETF by 270.0% in the fourth quarter. Winthrop Advisory Group LLC now owns 1,476,379 shares of the company’s stock worth $33,514,000 after acquiring an additional 1,077,345 shares in the last quarter. Legacy Private Trust Co. raised its holdings in shares of Schwab US Broad Market ETF by 210.0% during the fourth quarter. Legacy Private Trust Co. now owns 1,470,532 shares of the company’s stock valued at $33,381,000 after acquiring an additional 996,131 shares during the period. Finally, WT Wealth Management lifted its position in shares of Schwab US Broad Market ETF by 195.4% in the 3rd quarter. WT Wealth Management now owns 1,235,645 shares of the company’s stock valued at $82,195,000 after acquiring an additional 817,389 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA SCHB opened at $23.21 on Friday. The firm’s 50 day moving average price is $23.12 and its two-hundred day moving average price is $22.18. Schwab US Broad Market ETF has a twelve month low of $18.34 and a twelve month high of $23.73. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02.

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.