Focus Partners Wealth grew its position in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 130.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,626,053 shares of the company’s stock after purchasing an additional 1,485,838 shares during the quarter. Focus Partners Wealth’s holdings in Schwab US Broad Market ETF were worth $68,881,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GeoWealth Management LLC raised its position in shares of Schwab US Broad Market ETF by 0.4% in the 3rd quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock valued at $2,572,000 after buying an additional 388 shares in the last quarter. Occidental Asset Management LLC raised its position in shares of Schwab US Broad Market ETF by 4.2% in the 4th quarter. Occidental Asset Management LLC now owns 9,880 shares of the company’s stock valued at $259,000 after buying an additional 400 shares in the last quarter. Summit Place Financial Advisors LLC raised its position in shares of Schwab US Broad Market ETF by 1.0% in the 4th quarter. Summit Place Financial Advisors LLC now owns 41,214 shares of the company’s stock valued at $1,081,000 after buying an additional 425 shares in the last quarter. Cherry Tree Wealth Management LLC raised its position in shares of Schwab US Broad Market ETF by 0.4% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 116,680 shares of the company’s stock valued at $3,061,000 after buying an additional 434 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in shares of Schwab US Broad Market ETF by 9.1% in the 4th quarter. CENTRAL TRUST Co now owns 5,444 shares of the company’s stock valued at $143,000 after buying an additional 454 shares in the last quarter.
Schwab US Broad Market ETF Stock Performance
Shares of NYSEARCA:SCHB opened at $28.69 on Monday. The firm has a 50 day moving average of $27.86 and a 200-day moving average of $26.82. The stock has a market capitalization of $42.42 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $22.88 and a 12 month high of $29.35.
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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