Wernau Asset Management Inc. Makes New $640,000 Investment in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Wernau Asset Management Inc. acquired a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the 4th quarter, Holdings Channel reports. The firm acquired 28,194 shares of the company’s stock, valued at approximately $640,000. Schwab US Broad Market ETF comprises approximately 0.5% of Wernau Asset Management Inc.’s investment portfolio, making the stock its 26th biggest holding.

Other institutional investors also recently modified their holdings of the company. Maryland Capital Advisors Inc. raised its holdings in shares of Schwab US Broad Market ETF by 200.0% during the fourth quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after purchasing an additional 774 shares during the period. Wiser Advisor Group LLC raised its stake in Schwab US Broad Market ETF by 200.8% during the 4th quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock worth $27,000 after buying an additional 785 shares during the period. Jackson Grant Investment Advisers Inc. boosted its holdings in Schwab US Broad Market ETF by 201.0% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,249 shares of the company’s stock worth $28,000 after acquiring an additional 834 shares in the last quarter. Beacon Capital Management LLC boosted its holdings in Schwab US Broad Market ETF by 200.2% in the fourth quarter. Beacon Capital Management LLC now owns 1,216 shares of the company’s stock worth $28,000 after acquiring an additional 811 shares in the last quarter. Finally, Albion Financial Group UT grew its stake in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Albion Financial Group UT now owns 1,260 shares of the company’s stock valued at $29,000 after acquiring an additional 840 shares during the period.

Schwab US Broad Market ETF Stock Up 1.5 %

Shares of NYSEARCA:SCHB opened at $22.92 on Monday. Schwab US Broad Market ETF has a twelve month low of $19.14 and a twelve month high of $23.77. The stock’s 50 day moving average is $23.19 and its 200-day moving average is $22.68. The firm has a market capitalization of $32.78 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04.

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.