IFP Advisors Inc Acquires 87,531 Shares of Schwab US Broad Market ETF $SCHB

IFP Advisors Inc grew its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 14.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 689,089 shares of the company’s stock after purchasing an additional 87,531 shares during the period. IFP Advisors Inc’s holdings in Schwab US Broad Market ETF were worth $20,197,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Financial Life Planners purchased a new position in shares of Schwab US Broad Market ETF in the first quarter valued at approximately $27,000. Markowski Investments acquired a new position in shares of Schwab US Broad Market ETF in the second quarter valued at approximately $31,000. Bayban acquired a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $33,000. Sound Income Strategies LLC acquired a new position in shares of Schwab US Broad Market ETF in the first quarter valued at approximately $35,000. Finally, Compass Financial Management LLC purchased a new stake in Schwab US Broad Market ETF during the 2nd quarter worth approximately $38,000.

Schwab US Broad Market ETF Stock Down 1.2%

Shares of SCHB opened at $29.28 on Friday. The company has a market cap of $44.43 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a fifty-two week low of $24.28 and a fifty-two week high of $30.15. The firm’s 50 day moving average price is $29.62 and its 200 day moving average price is $28.71.

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.