Schwab US Broad Market ETF (NYSEARCA:SCHB) Stake Increased by Financial Management Professionals Inc.

Financial Management Professionals Inc. increased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 183.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,627 shares of the company’s stock after buying an additional 68,997 shares during the period. Financial Management Professionals Inc.’s holdings in Schwab US Broad Market ETF were worth $2,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHB. Strategic Investment Solutions Inc. IL bought a new stake in shares of Schwab US Broad Market ETF in the second quarter worth $28,000. Global Financial Private Client LLC increased its stake in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. GAMMA Investing LLC increased its stake in Schwab US Broad Market ETF by 200.0% during the fourth quarter. GAMMA Investing LLC now owns 1,446 shares of the company’s stock valued at $33,000 after purchasing an additional 964 shares during the last quarter. Marquette Asset Management LLC increased its stake in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Marquette Asset Management LLC now owns 1,593 shares of the company’s stock valued at $36,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Godsey & Gibb Inc. increased its stake in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Godsey & Gibb Inc. now owns 2,103 shares of the company’s stock valued at $48,000 after purchasing an additional 1,402 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB stock opened at $23.21 on Friday. Schwab US Broad Market ETF has a 1-year low of $18.34 and a 1-year high of $23.73. The firm has a fifty day moving average price of $23.12 and a two-hundred day moving average price of $22.18. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 25.24 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.