HBK Sorce Advisory LLC Increases Stake in Schwab US Broad Market ETF $SCHB

HBK Sorce Advisory LLC boosted its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.0% in the third quarter, HoldingsChannel.com reports. The firm owned 3,177,015 shares of the company’s stock after acquiring an additional 30,531 shares during the period. Schwab US Broad Market ETF accounts for approximately 1.8% of HBK Sorce Advisory LLC’s investment portfolio, making the stock its 7th biggest holding. HBK Sorce Advisory LLC’s holdings in Schwab US Broad Market ETF were worth $82,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Schwab US Broad Market ETF by 1,209.6% in the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock valued at $5,190,000 after buying an additional 211,168 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Schwab US Broad Market ETF by 197.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after acquiring an additional 14,279 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Schwab US Broad Market ETF by 9.9% in the first quarter. Raymond James Financial Inc. now owns 1,047,068 shares of the company’s stock valued at $22,543,000 after acquiring an additional 94,695 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Schwab US Broad Market ETF by 4.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514,188 shares of the company’s stock valued at $11,070,000 after acquiring an additional 22,538 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Schwab US Broad Market ETF by 1,728.8% during the first quarter. Smartleaf Asset Management LLC now owns 11,485 shares of the company’s stock valued at $246,000 after purchasing an additional 10,857 shares during the last quarter.

Schwab US Broad Market ETF Trading Up 0.7%

Shares of Schwab US Broad Market ETF stock opened at $26.42 on Tuesday. The stock has a market capitalization of $38.44 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a twelve month low of $18.52 and a twelve month high of $26.57. The business’s 50 day simple moving average is $26.03 and its 200-day simple moving average is $25.09.

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.