Valley National Advisers Inc. Buys 24,019 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Valley National Advisers Inc. increased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 7.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 349,714 shares of the company’s stock after purchasing an additional 24,019 shares during the quarter. Schwab US Broad Market ETF makes up 3.2% of Valley National Advisers Inc.’s investment portfolio, making the stock its 5th largest holding. Valley National Advisers Inc. owned approximately 0.08% of Schwab US Broad Market ETF worth $21,349,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Zhang Financial LLC increased its stake in shares of Schwab US Broad Market ETF by 5.4% in the fourth quarter. Zhang Financial LLC now owns 153,865 shares of the company’s stock worth $8,566,000 after purchasing an additional 7,844 shares during the period. Natixis Advisors L.P. bought a new position in Schwab US Broad Market ETF in the 3rd quarter worth approximately $666,000. Citigroup Inc. lifted its holdings in shares of Schwab US Broad Market ETF by 9.9% during the third quarter. Citigroup Inc. now owns 3,062 shares of the company’s stock worth $153,000 after buying an additional 275 shares during the last quarter. NYL Investors LLC boosted its position in shares of Schwab US Broad Market ETF by 43.1% in the fourth quarter. NYL Investors LLC now owns 70,000 shares of the company’s stock valued at $3,897,000 after acquiring an additional 21,100 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Schwab US Broad Market ETF by 239.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 569,299 shares of the company’s stock worth $31,693,000 after acquiring an additional 401,485 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB stock traded up $0.24 on Wednesday, reaching $63.61. 325,849 shares of the company were exchanged, compared to its average volume of 805,083. The firm has a market capitalization of $29.24 billion, a PE ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $47.46 and a 12 month high of $63.65. The stock’s fifty day moving average price is $61.49 and its 200 day moving average price is $59.23.

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.