Schwab US Broad Market ETF (NYSEARCA:SCHB) Stake Lifted by Gray Wealth Management Inc.

Gray Wealth Management Inc. raised its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 197.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 76,384 shares of the company’s stock after buying an additional 50,695 shares during the quarter. Gray Wealth Management Inc.’s holdings in Schwab US Broad Market ETF were worth $1,734,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valeo Financial Advisors LLC increased its position in Schwab US Broad Market ETF by 200.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 16,468 shares of the company’s stock valued at $374,000 after acquiring an additional 10,979 shares during the period. Versant Capital Management Inc grew its stake in shares of Schwab US Broad Market ETF by 201.0% in the fourth quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock worth $318,000 after purchasing an additional 9,352 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Schwab US Broad Market ETF by 194.3% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 25,146 shares of the company’s stock valued at $571,000 after purchasing an additional 16,602 shares during the period. Fulcrum Equity Management increased its holdings in shares of Schwab US Broad Market ETF by 6.3% during the third quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock valued at $744,000 after purchasing an additional 668 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Schwab US Broad Market ETF during the third quarter valued at about $703,000.

Schwab US Broad Market ETF Stock Up 2.2 %

Shares of SCHB opened at $21.69 on Monday. The firm has a market capitalization of $31.02 billion, a PE ratio of 23.90 and a beta of 1.05. The firm has a 50-day moving average price of $22.97 and a 200 day moving average price of $22.70. 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 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.