Sterling Group Wealth Management LLC Has $1.17 Million Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Sterling Group Wealth Management LLC increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 194.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,715 shares of the company’s stock after buying an additional 34,148 shares during the period. Schwab US Broad Market ETF accounts for approximately 0.6% of Sterling Group Wealth Management LLC’s holdings, making the stock its 19th biggest holding. Sterling Group Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $1,174,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Hengehold Capital Management LLC boosted its stake in Schwab US Broad Market ETF by 192.6% in the fourth quarter. Hengehold Capital Management LLC now owns 8,942,406 shares of the company’s stock valued at $202,993,000 after acquiring an additional 5,886,366 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of Schwab US Broad Market ETF by 192.5% during the fourth quarter. HB Wealth Management LLC now owns 6,505,668 shares of the company’s stock worth $147,681,000 after purchasing an additional 4,281,591 shares during the period. Rebalance LLC increased its holdings in Schwab US Broad Market ETF by 4.6% in the third quarter. Rebalance LLC now owns 3,824,414 shares of the company’s stock valued at $254,400,000 after purchasing an additional 167,787 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Schwab US Broad Market ETF by 192.7% during the fourth quarter. Ballentine Partners LLC now owns 3,122,833 shares of the company’s stock worth $70,888,000 after buying an additional 2,055,961 shares during the last quarter. Finally, Strid Group LLC grew its position in shares of Schwab US Broad Market ETF by 4.0% during the 3rd quarter. Strid Group LLC now owns 2,864,158 shares of the company’s stock worth $190,524,000 after buying an additional 111,281 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $23.67 on Friday. The stock has a 50-day moving average of $23.13 and a 200-day moving average of $22.23. Schwab US Broad Market ETF has a one year low of $18.75 and a one year high of $23.73. The stock has a market cap of $10.88 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.