Mather Group LLC. Acquires New Stake in Schwab US Broad Market ETF $SCHB

Mather Group LLC. purchased a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 99,029 shares of the company’s stock, valued at approximately $2,903,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHB. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in Schwab US Broad Market ETF during the 3rd quarter worth $72,509,000. Elmwood Wealth Management Inc. bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter worth about $411,000. First Citizens Bank & Trust Co. acquired a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $826,000. Foundation Wealth Management LLC PA raised its stake in shares of Schwab US Broad Market ETF by 16.5% in the 3rd quarter. Foundation Wealth Management LLC PA now owns 27,594 shares of the company’s stock valued at $809,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Womack Financial LLC raised its stake in shares of Schwab US Broad Market ETF by 2.4% in the 3rd quarter. Womack Financial LLC now owns 31,624 shares of the company’s stock valued at $927,000 after purchasing an additional 733 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock opened at $29.63 on Friday. Schwab US Broad Market ETF has a one year low of $24.28 and a one year high of $30.15. The company’s 50-day simple moving average is $29.64 and its 200-day simple moving average is $28.71. The stock has a market capitalization of $44.95 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

Schwab US Broad Market ETF 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.