Fiduciary Alliance LLC bought a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,824 shares of the company’s stock, valued at approximately $216,000.
A number of other institutional investors and hedge funds have also made changes to their positions in SCHB. Wealthfront Advisers LLC raised its holdings in shares of Schwab US Broad Market ETF by 93.3% in the first quarter. Wealthfront Advisers LLC now owns 28,076,551 shares of the company’s stock valued at $1,499,007,000 after buying an additional 13,553,949 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in Schwab US Broad Market ETF during the third quarter worth about $108,304,000. Spectrum Management Group LLC purchased a new position in Schwab US Broad Market ETF during the third quarter worth about $88,092,000. Mariner LLC raised its holdings in Schwab US Broad Market ETF by 254.7% during the first quarter. Mariner LLC now owns 1,348,142 shares of the company’s stock worth $71,977,000 after purchasing an additional 968,088 shares in the last quarter. Finally, Financial Architects Inc purchased a new position in Schwab US Broad Market ETF during the third quarter worth about $22,132,000.
Schwab US Broad Market ETF Stock Up 0.6 %
NYSEARCA SCHB opened at $46.16 on Monday. The stock has a market capitalization of $20.77 billion, a P/E ratio of 17.59 and a beta of 1.03. Schwab US Broad Market ETF has a 52-week low of $40.92 and a 52-week high of $54.67. The firm has a 50-day moving average price of $47.16 and a 200 day moving average price of $45.84.
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.
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