Schwab US Broad Market ETF (NYSEARCA:SCHB) Shares Purchased by Somerset Group LLC

Somerset Group LLC grew its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 225.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,288 shares of the company’s stock after purchasing an additional 9,898 shares during the quarter. Somerset Group LLC’s holdings in Schwab US Broad Market ETF were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHB. Oppenheimer & Co. Inc. acquired a new position in shares of Schwab US Broad Market ETF during the third quarter worth about $291,000. Pathstone Holdings LLC lifted its stake in shares of Schwab US Broad Market ETF by 5.0% during the third quarter. Pathstone Holdings LLC now owns 48,663 shares of the company’s stock worth $3,237,000 after purchasing an additional 2,313 shares in the last quarter. Prospera Financial Services Inc lifted its stake in shares of Schwab US Broad Market ETF by 7.3% in the third quarter. Prospera Financial Services Inc now owns 9,307 shares of the company’s stock worth $619,000 after acquiring an additional 634 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Schwab US Broad Market ETF by 31.5% in the third quarter. PNC Financial Services Group Inc. now owns 39,377 shares of the company’s stock worth $2,619,000 after acquiring an additional 9,442 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of Schwab US Broad Market ETF by 3.7% in the third quarter. Citizens Financial Group Inc. RI now owns 13,290 shares of the company’s stock worth $884,000 after acquiring an additional 470 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $21.83 on Friday. Schwab US Broad Market ETF has a one year low of $19.14 and a one year high of $23.77. The business’s 50-day simple moving average is $22.87 and its 200 day simple moving average is $22.70. The stock has a market cap of $31.22 billion, a price-to-earnings ratio of 23.90 and a beta of 1.05.

About Schwab US Broad Market ETF

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.