Sheets Smith Wealth Management Has $8.77 Million Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Sheets Smith Wealth Management raised its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 194.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 386,310 shares of the company’s stock after purchasing an additional 254,975 shares during the quarter. Schwab US Broad Market ETF accounts for about 1.1% of Sheets Smith Wealth Management’s portfolio, making the stock its 22nd biggest position. Sheets Smith Wealth Management’s holdings in Schwab US Broad Market ETF were worth $8,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MCF Advisors LLC grew its stake in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. MCF Advisors LLC now owns 34,474 shares of the company’s stock worth $783,000 after acquiring an additional 22,982 shares during the period. White Pine Investment CO increased its holdings in shares of Schwab US Broad Market ETF by 175.8% in the 4th quarter. White Pine Investment CO now owns 11,205 shares of the company’s stock worth $254,000 after buying an additional 7,142 shares during the last quarter. JBGlobal.com LLC purchased a new position in shares of Schwab US Broad Market ETF during the 4th quarter valued at about $298,000. ACT Wealth Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 206.6% in the 4th quarter. ACT Wealth Management LLC now owns 10,705 shares of the company’s stock worth $243,000 after acquiring an additional 7,213 shares during the last quarter. Finally, Planned Solutions Inc. boosted its position in Schwab US Broad Market ETF by 208.2% during the fourth quarter. Planned Solutions Inc. now owns 111,897 shares of the company’s stock valued at $2,540,000 after buying an additional 75,589 shares during the period.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $23.43 on Wednesday. The business has a 50 day moving average price of $23.12 and a 200-day moving average price of $22.21. Schwab US Broad Market ETF has a fifty-two week low of $18.75 and a fifty-two week high of $23.73. The firm has a market cap of $10.77 billion, a PE ratio of 25.24 and a beta of 1.02.

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.