Strategic Financial Concepts LLC Acquires 4,884,457 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Strategic Financial Concepts LLC raised its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 6,492.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,959,692 shares of the company’s stock after buying an additional 4,884,457 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Schwab US Broad Market ETF were worth $112,585,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in 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 worth $318,000 after acquiring an additional 9,352 shares during the period. Fulcrum Equity Management raised its holdings in Schwab US Broad Market ETF by 6.3% in the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock worth $744,000 after purchasing an additional 668 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Schwab US Broad Market ETF in the 3rd quarter worth $703,000. Franklin Resources Inc. lifted its position in shares of Schwab US Broad Market ETF by 952.4% in the 3rd quarter. Franklin Resources Inc. now owns 4,420 shares of the company’s stock worth $294,000 after purchasing an additional 4,000 shares during the period. Finally, Tudor Financial Inc. bought a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter valued at about $996,000.

Schwab US Broad Market ETF Price Performance

Shares of SCHB opened at $23.55 on Friday. The company has a 50-day simple moving average of $23.20 and a two-hundred day simple moving average of $22.37. The firm has a market capitalization of $10.83 billion, a PE ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a one year low of $19.04 and a one year high of $23.73.

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.