Schwab US Broad Market ETF $SCHB Shares Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC grew its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,529,638 shares of the company’s stock after purchasing an additional 43,788 shares during the period. Modern Wealth Management LLC owned approximately 0.10% of Schwab US Broad Market ETF worth $38,700,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SCHB. Rebalance LLC lifted its position in shares of Schwab US Broad Market ETF by 3.3% during the 4th quarter. Rebalance LLC now owns 14,963,211 shares of the company’s stock valued at $392,485,000 after acquiring an additional 483,144 shares during the period. HighTower Advisors LLC grew its holdings in shares of Schwab US Broad Market ETF by 11.0% in the 4th quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock worth $226,412,000 after acquiring an additional 854,800 shares during the period. Hanson & Doremus Investment Management increased its stake in Schwab US Broad Market ETF by 0.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock valued at $176,733,000 after purchasing an additional 33,281 shares in the last quarter. Evergreen Advisors LLC boosted its position in 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 in the last quarter. Finally, HHM Wealth Advisors LLC increased its position in shares of Schwab US Broad Market ETF by 2.2% in the first quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock valued at $129,179,000 after buying an additional 108,943 shares in the last quarter.

Schwab US Broad Market ETF Stock Down 1.2%

NYSEARCA:SCHB opened at $28.55 on Friday. Schwab US Broad Market ETF has a 52-week low of $23.85 and a 52-week high of $29.35. The stock has a fifty day simple moving average of $28.80 and a 200-day simple moving average of $27.34. The company has a market capitalization of $42.77 billion, a PE ratio of 25.08 and a beta of 1.02.

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.