Modera Wealth Management LLC Purchases 63,902 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Modera Wealth Management LLC grew its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 202.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,544 shares of the company’s stock after purchasing an additional 63,902 shares during the quarter. Modera Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $2,169,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its position in shares of Schwab US Broad Market ETF by 200.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 16,468 shares of the company’s stock worth $374,000 after acquiring an additional 10,979 shares during the last quarter. Versant Capital Management Inc raised its holdings in Schwab US Broad Market ETF by 201.0% during the 4th quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock worth $318,000 after purchasing an additional 9,352 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in Schwab US Broad Market ETF by 194.3% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 25,146 shares of the company’s stock valued at $571,000 after purchasing an additional 16,602 shares during the period. Fulcrum Equity Management boosted its stake in shares of Schwab US Broad Market ETF by 6.3% in the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock valued at $744,000 after purchasing an additional 668 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter worth approximately $703,000.

Schwab US Broad Market ETF Price Performance

SCHB opened at $22.53 on Tuesday. The firm has a 50 day simple moving average of $23.18 and a 200 day simple moving average of $22.69. Schwab US Broad Market ETF has a fifty-two week low of $19.14 and a fifty-two week high of $23.77. The company has a market cap of $32.22 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04.

About Schwab US Broad Market ETF

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.