Peak Financial Management Inc. boosted its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 4.6% during the 3rd quarter, Holdings Channel reports. The fund owned 515,518 shares of the company’s stock after acquiring an additional 22,835 shares during the quarter. Schwab US Broad Market ETF comprises 3.4% of Peak Financial Management Inc.’s portfolio, making the stock its 7th largest holding. Peak Financial Management Inc.’s holdings in Schwab US Broad Market ETF were worth $15,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in SCHB. Forvis Mazars Wealth Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF during the third quarter valued at $175,355,000. First Heartland Consultants Inc. acquired a new stake in Schwab US Broad Market ETF in the third quarter worth about $823,000. Capital & Planning LLC acquired a new stake in Schwab US Broad Market ETF in the second quarter worth about $875,000. Allworth Financial LP lifted its holdings in Schwab US Broad Market ETF by 6.2% in the second quarter. Allworth Financial LP now owns 1,809,502 shares of the company’s stock worth $52,403,000 after purchasing an additional 106,193 shares during the period. Finally, Hamilton Wealth LLC acquired a new stake in Schwab US Broad Market ETF in the fourth quarter worth about $1,108,000.
Schwab US Broad Market ETF Trading Down 1.2%
SCHB traded down $0.35 on Friday, reaching $29.28. The company had a trading volume of 21,638,298 shares, compared to its average volume of 9,245,168. The company has a fifty day moving average of $29.62 and a 200-day moving average of $28.71. The company has a market capitalization of $44.43 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a one year low of $24.28 and a one year high of $30.15.
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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Want to see what other hedge funds are holding SCHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report).
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