North Forty Two & Co. Makes New $1.56 Million Investment in Schwab US Broad Market ETF (NYSEARCA:SCHB)

North Forty Two & Co. bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 68,563 shares of the company’s stock, valued at approximately $1,556,000. Schwab US Broad Market ETF comprises approximately 1.8% of North Forty Two & Co.’s portfolio, making the stock its 16th biggest holding.

Several other institutional investors have also recently modified their holdings of SCHB. Brooklyn FI LLC increased its position in shares of Schwab US Broad Market ETF by 17,756.0% during the 4th quarter. Brooklyn FI LLC now owns 23,155,242 shares of the company’s stock valued at $576,012,000 after purchasing an additional 23,025,564 shares during the last quarter. Rebalance LLC increased its position in shares of Schwab US Broad Market ETF by 199.9% during the 4th quarter. Rebalance LLC now owns 11,471,005 shares of the company’s stock valued at $260,392,000 after purchasing an additional 7,646,591 shares during the last quarter. Hengehold Capital Management LLC increased its position in shares of Schwab US Broad Market ETF by 192.6% during the 4th quarter. Hengehold Capital Management LLC now owns 8,942,406 shares of the company’s stock valued at $202,993,000 after purchasing an additional 5,886,366 shares during the last quarter. Strid Group LLC grew its position in Schwab US Broad Market ETF by 197.8% during the 4th quarter. Strid Group LLC now owns 8,530,226 shares of the company’s stock worth $193,636,000 after acquiring an additional 5,666,068 shares during the last quarter. Finally, Bouchey Financial Group Ltd grew its position in Schwab US Broad Market ETF by 213.4% during the 4th quarter. Bouchey Financial Group Ltd now owns 8,165,768 shares of the company’s stock worth $185,363,000 after acquiring an additional 5,560,636 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB opened at $21.63 on Wednesday. The stock’s 50 day simple moving average is $22.93 and its 200 day simple moving average is $22.70. Schwab US Broad Market ETF has a 1 year low of $19.14 and a 1 year high of $23.77. The firm has a market cap of $30.93 billion, a price-to-earnings ratio of 23.90 and a beta of 1.05.

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.