Midwest Capital Advisors LLC Makes New $1.83 Million Investment in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Midwest Capital Advisors LLC bought a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 80,536 shares of the company’s stock, valued at approximately $1,828,000. Schwab US Broad Market ETF accounts for approximately 1.3% of Midwest Capital Advisors LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Equita Financial Network Inc. grew its holdings in Schwab US Broad Market ETF by 0.5% during the third quarter. Equita Financial Network Inc. now owns 93,643 shares of the company’s stock worth $6,229,000 after acquiring an additional 451 shares during the period. Cornerstone Planning Group LLC grew its holdings in Schwab US Broad Market ETF by 4.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 10,600 shares of the company’s stock worth $247,000 after acquiring an additional 462 shares during the period. Citizens Financial Group Inc. RI grew its holdings in Schwab US Broad Market ETF by 3.7% during the third quarter. Citizens Financial Group Inc. RI now owns 13,290 shares of the company’s stock worth $884,000 after acquiring an additional 470 shares during the period. Private Advisor Group LLC grew its holdings in Schwab US Broad Market ETF by 0.7% during the third quarter. Private Advisor Group LLC now owns 71,877 shares of the company’s stock worth $4,781,000 after acquiring an additional 483 shares during the period. Finally, Walter & Keenan Wealth Management LLC IN ADV grew its holdings in Schwab US Broad Market ETF by 0.6% during the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 92,093 shares of the company’s stock worth $6,126,000 after acquiring an additional 559 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $23.18 on Monday. The business’s fifty day moving average price is $23.20 and its 200 day moving average price is $22.60. Schwab US Broad Market ETF has a 1-year low of $19.14 and a 1-year high of $23.77. The firm has a market capitalization of $33.15 billion, a PE ratio of 25.96 and a beta of 1.04.

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.