Financial Designs Corp lifted its position in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 30.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,518 shares of the company’s stock after buying an additional 32,343 shares during the period. Schwab US Broad Market ETF comprises 2.1% of Financial Designs Corp’s holdings, making the stock its 12th largest position. Financial Designs Corp’s holdings in Schwab US Broad Market ETF were worth $4,089,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management grew its stake in Schwab US Broad Market ETF by 0.5% in the first quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock valued at $176,733,000 after acquiring an additional 33,281 shares during the period. Evergreen Advisors LLC raised its position in shares of Schwab US Broad Market ETF by 1.8% during the first quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock worth $157,632,000 after purchasing an additional 112,717 shares during the period. HHM Wealth Advisors LLC raised 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 purchasing an additional 108,943 shares during the period. Mariner LLC lifted its holdings in shares of Schwab US Broad Market ETF by 3.8% during the 4th quarter. Mariner LLC now owns 4,454,313 shares of the company’s stock valued at $116,847,000 after purchasing an additional 164,384 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Schwab US Broad Market ETF by 25.1% during the 4th quarter. Captrust Financial Advisors now owns 4,236,900 shares of the company’s stock valued at $111,134,000 after purchasing an additional 849,417 shares in the last quarter.
Schwab US Broad Market ETF Stock Performance
Shares of SCHB opened at $29.73 on Friday. The stock has a 50 day simple moving average of $29.61 and a 200 day simple moving average of $28.54. Schwab US Broad Market ETF has a 52-week low of $24.28 and a 52-week high of $30.15. The firm has a market capitalization of $45.06 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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