HighTower Advisors LLC raised its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,631,797 shares of the company’s stock after buying an additional 854,800 shares during the period. HighTower Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $226,412,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in SCHB. Brighton Jones LLC increased its position in shares of Schwab US Broad Market ETF by 1,209.6% during the fourth quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock worth $5,190,000 after purchasing an additional 211,168 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Schwab US Broad Market ETF by 197.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after purchasing an additional 14,279 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Schwab US Broad Market ETF by 50.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,549,572 shares of the company’s stock worth $33,362,000 after purchasing an additional 518,984 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Schwab US Broad Market ETF during the second quarter worth about $218,000. Finally, Russell Investments Group Ltd. increased its position in shares of Schwab US Broad Market ETF by 18.5% during the second quarter. Russell Investments Group Ltd. now owns 9,924 shares of the company’s stock worth $236,000 after purchasing an additional 1,552 shares in the last quarter.
Schwab US Broad Market ETF Stock Performance
SCHB opened at $28.38 on Tuesday. The business’s 50-day simple moving average is $26.59 and its 200-day simple moving average is $26.43. Schwab US Broad Market ETF has a one year low of $22.16 and a one year high of $28.85. The stock has a market capitalization of $41.97 billion, a P/E ratio of 25.08 and a beta of 1.02.
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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.
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