Farrow Financial Inc. increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 27.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 106,388 shares of the company’s stock after acquiring an additional 23,103 shares during the period. Schwab US Broad Market ETF makes up about 1.5% of Farrow Financial Inc.’s holdings, making the stock its 25th largest holding. Farrow Financial Inc.’s holdings in Schwab US Broad Market ETF were worth $2,670,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in SCHB. Rebalance LLC grew its position in Schwab US Broad Market ETF by 3.3% in the 4th quarter. Rebalance LLC now owns 14,963,211 shares of the company’s stock worth $392,485,000 after purchasing an additional 483,144 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Schwab US Broad Market ETF by 11.0% during the fourth quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock valued at $226,412,000 after buying an additional 854,800 shares during the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Schwab US Broad Market ETF by 0.5% during the first quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock worth $176,733,000 after buying an additional 33,281 shares during the period. Evergreen Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth approximately $161,772,000. Finally, HHM Wealth Advisors LLC boosted its position in shares of Schwab US Broad Market ETF by 2.2% during the first quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock worth $129,179,000 after buying an additional 108,943 shares during the period.
Schwab US Broad Market ETF Price Performance
SCHB opened at $29.18 on Friday. The stock’s 50 day moving average price is $28.70 and its 200 day moving average price is $27.18. The stock has a market cap of $43.58 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $23.83 and a 12 month high of $29.35.
Schwab US Broad Market ETF Company 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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