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

Western Wealth Management LLC lifted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 64.2% during the first quarter, Holdings Channel reports. The institutional investor owned 103,898 shares of the company’s stock after acquiring an additional 40,608 shares during the quarter. Western Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $2,608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Financial Life Planners purchased a new position in Schwab US Broad Market ETF during the first quarter valued at approximately $27,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Schwab US Broad Market ETF during the 4th quarter worth approximately $28,000. Wiser Advisor Group LLC purchased a new position in shares of Schwab US Broad Market ETF during the 3rd quarter valued at approximately $29,000. Bayban purchased a new position in shares of Schwab US Broad Market ETF during the 4th quarter valued at approximately $33,000. Finally, LRI Investments LLC acquired a new position in shares of Schwab US Broad Market ETF in the 4th quarter valued at $35,000.

Schwab US Broad Market ETF Price Performance

SCHB opened at $28.85 on Friday. The firm has a fifty day moving average price of $28.82 and a 200 day moving average price of $27.42. Schwab US Broad Market ETF has a 1 year low of $23.85 and a 1 year high of $29.35. The stock has a market cap of $43.28 billion, a P/E 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.