IFP Advisors Inc Acquires 330,320 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

IFP Advisors Inc boosted its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 219.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 480,549 shares of the company’s stock after purchasing an additional 330,320 shares during the quarter. IFP Advisors Inc owned about 0.10% of Schwab US Broad Market ETF worth $10,908,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SCHB. Raymond James & Associates increased its holdings in Schwab US Broad Market ETF by 12.0% in the third quarter. Raymond James & Associates now owns 194,838 shares of the company’s stock worth $12,961,000 after purchasing an additional 20,941 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Schwab US Broad Market ETF by 0.7% during the third quarter. Private Advisor Group LLC now owns 71,877 shares of the company’s stock valued at $4,781,000 after acquiring an additional 483 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Schwab US Broad Market ETF by 2.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 579,749 shares of the company’s stock valued at $38,565,000 after acquiring an additional 15,206 shares in the last quarter. Manchester Financial Inc. increased its holdings in shares of Schwab US Broad Market ETF by 38.2% during the third quarter. Manchester Financial Inc. now owns 1,158,603 shares of the company’s stock valued at $77,070,000 after acquiring an additional 320,054 shares in the last quarter. Finally, Valley National Advisers Inc. increased its holdings in shares of Schwab US Broad Market ETF by 1.5% during the third quarter. Valley National Advisers Inc. now owns 374,626 shares of the company’s stock valued at $24,920,000 after acquiring an additional 5,680 shares in the last quarter.

Schwab US Broad Market ETF Stock Down 1.9 %

NYSEARCA SCHB opened at $23.18 on Monday. The company has a market cap of $33.15 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04. Schwab US Broad Market ETF has a 52 week low of $19.14 and a 52 week high of $23.77. The business has a 50 day moving average price of $23.20 and a 200-day moving average price of $22.60.

Schwab US Broad Market ETF Company 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.