Schwab US Broad Market ETF (NYSEARCA:SCHB) Shares Acquired by Able Wealth Management LLC

Able Wealth Management LLC grew its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,929 shares of the company’s stock after buying an additional 9,953 shares during the period. Able Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Valeo Financial Advisors LLC lifted its holdings 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 purchasing an additional 10,979 shares in the last quarter. Versant Capital Management Inc raised its position 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 valued at $318,000 after buying an additional 9,352 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Schwab US Broad Market ETF by 194.3% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 25,146 shares of the company’s stock valued at $571,000 after buying an additional 16,602 shares during the last quarter. Fulcrum Equity Management lifted its stake 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 buying an additional 668 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Schwab US Broad Market ETF during the third quarter worth approximately $703,000.

Schwab US Broad Market ETF Stock Performance

SCHB stock opened at $23.75 on Thursday. The company has a 50 day moving average price of $23.20 and a two-hundred day moving average price of $22.54. The stock has a market capitalization of $10.92 billion, a P/E ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a one year low of $19.14 and a one year 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.