Davis Capital Management Has $20.97 Million Stock Holdings in Schwab US Broad Market ETF $SCHB

Davis Capital Management increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 835,619 shares of the company’s stock after buying an additional 35,582 shares during the period. Schwab US Broad Market ETF comprises about 14.2% of Davis Capital Management’s holdings, making the stock its biggest position. Davis Capital Management owned about 0.06% of Schwab US Broad Market ETF worth $20,974,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Diversified Trust Co grew its position in shares of Schwab US Broad Market ETF by 87.3% during the 1st quarter. Diversified Trust Co now owns 68,076 shares of the company’s stock valued at $1,709,000 after acquiring an additional 31,728 shares during the period. Westmount Partners LLC raised its holdings in shares of Schwab US Broad Market ETF by 11.2% in the 1st quarter. Westmount Partners LLC now owns 36,526 shares of the company’s stock worth $917,000 after purchasing an additional 3,692 shares during the period. Asset Allocation & Management Company LLC raised its holdings in shares of Schwab US Broad Market ETF by 9.1% in the 1st quarter. Asset Allocation & Management Company LLC now owns 262,123 shares of the company’s stock worth $6,579,000 after purchasing an additional 21,867 shares during the period. Carter Financial LLC purchased a new position in Schwab US Broad Market ETF in the fourth quarter valued at approximately $301,000. Finally, Cornerstone Planning LLC purchased a new position in shares of Schwab US Broad Market ETF during the 4th quarter valued at $1,285,000.

Schwab US Broad Market ETF Price Performance

NYSEARCA SCHB opened at $28.97 on Friday. The company has a market cap of $42.84 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 52 week low of $22.88 and a 52 week high of $29.35. The firm’s 50-day simple moving average is $28.20 and its two-hundred day simple moving average is $26.91.

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.