Merit Financial Group LLC Acquires 56,857 Shares of Schwab US Broad Market ETF $SCHB

Merit Financial Group LLC grew its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 52.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 165,921 shares of the company’s stock after buying an additional 56,857 shares during the period. Merit Financial Group LLC’s holdings in Schwab US Broad Market ETF were worth $3,954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHB. Rebalance LLC increased its position in Schwab US Broad Market ETF by 10.1% during the 2nd quarter. Rebalance LLC now owns 13,159,188 shares of the company’s stock valued at $313,583,000 after purchasing an additional 1,209,350 shares during the period. SCS Capital Management LLC boosted its stake in shares of Schwab US Broad Market ETF by 16.6% during the 1st quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock valued at $256,232,000 after purchasing an additional 1,697,159 shares in the last quarter. Hengehold Capital Management LLC increased its position in shares of Schwab US Broad Market ETF by 0.8% during the first quarter. Hengehold Capital Management LLC now owns 9,013,141 shares of the company’s stock valued at $194,053,000 after buying an additional 70,735 shares during the period. Strid Group LLC raised its stake in Schwab US Broad Market ETF by 0.5% in the second quarter. Strid Group LLC now owns 8,658,237 shares of the company’s stock worth $206,322,000 after buying an additional 43,935 shares in the last quarter. Finally, Bouchey Financial Group Ltd lifted its holdings in Schwab US Broad Market ETF by 0.9% in the first quarter. Bouchey Financial Group Ltd now owns 8,238,465 shares of the company’s stock worth $177,374,000 after buying an additional 72,697 shares during the period.

Schwab US Broad Market ETF Stock Performance

Schwab US Broad Market ETF stock opened at $25.93 on Tuesday. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $25.99. The stock’s 50 day simple moving average is $25.06 and its two-hundred day simple moving average is $23.35. The stock has a market cap of $37.67 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03.

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.