MIdWestOne Financial Group Inc. increased its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 19.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 720,616 shares of the company’s stock after buying an additional 115,901 shares during the period. Schwab US Broad Market ETF makes up 2.1% of MIdWestOne Financial Group Inc.’s holdings, making the stock its 8th largest holding. MIdWestOne Financial Group Inc.’s holdings in Schwab US Broad Market ETF were worth $18,902,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHB. Evergreen Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $161,772,000. Boulder Wealth Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF in the third quarter valued at approximately $40,435,000. CWM LLC raised its position in shares of Schwab US Broad Market ETF by 304.7% in the fourth quarter. CWM LLC now owns 1,648,774 shares of the company’s stock valued at $43,247,000 after buying an additional 1,241,374 shares in the last quarter. Modern Wealth Management LLC raised its position in shares of Schwab US Broad Market ETF by 422.7% in the third quarter. Modern Wealth Management LLC now owns 1,518,936 shares of the company’s stock valued at $39,052,000 after buying an additional 1,228,327 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Schwab US Broad Market ETF by 942.2% in the second quarter. Quantinno Capital Management LP now owns 1,234,589 shares of the company’s stock valued at $29,420,000 after buying an additional 1,116,125 shares in the last quarter.
Schwab US Broad Market ETF Trading Up 1.9%
NYSEARCA SCHB opened at $28.55 on Friday. Schwab US Broad Market ETF has a 1-year low of $22.88 and a 1-year high of $29.35. The company has a 50 day moving average of $27.79 and a 200-day moving average of $26.80. The company has a market cap of $42.22 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.
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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.
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