Hengehold Capital Management LLC bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 7,605,959 shares of the company’s stock, valued at approximately $222,931,000. Schwab US Broad Market ETF accounts for 17.4% of Hengehold Capital Management LLC’s portfolio, making the stock its biggest position.
Other large investors have also added to or reduced their stakes in the company. Forvis Mazars Wealth Advisors LLC purchased a new position in Schwab US Broad Market ETF during the 3rd quarter valued at about $175,355,000. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of Schwab US Broad Market ETF during the third quarter valued at about $72,509,000. Legacy Private Trust Co. purchased a new stake in shares of Schwab US Broad Market ETF in the third quarter worth about $36,626,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Schwab US Broad Market ETF in the fourth quarter worth about $21,214,000. Finally, Quantinno Capital Management LP boosted its position in shares of Schwab US Broad Market ETF by 39.6% in the first quarter. Quantinno Capital Management LP now owns 2,783,258 shares of the company’s stock valued at $69,860,000 after acquiring an additional 790,102 shares during the period.
Schwab US Broad Market ETF Trading Down 1.2%
Shares of SCHB stock traded down $0.35 during trading hours on Friday, reaching $29.28. The stock had a trading volume of 21,638,298 shares, compared to its average volume of 9,245,168. The stock’s fifty day simple moving average is $29.62 and its 200 day simple moving average is $28.71. Schwab US Broad Market ETF has a 12 month low of $24.28 and a 12 month high of $30.15. The firm has a market capitalization of $44.43 billion, a PE 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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