Sheets Smith Wealth Management Has $8.77 Million Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Sheets Smith Wealth Management increased its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 194.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,310 shares of the company’s stock after purchasing an additional 254,975 shares during the quarter. Schwab US Broad Market ETF makes up 1.1% of Sheets Smith Wealth Management’s portfolio, making the stock its 22nd biggest position. Sheets Smith Wealth Management owned 0.08% of Schwab US Broad Market ETF worth $8,769,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. HB Wealth Management LLC increased its stake in Schwab US Broad Market ETF by 192.5% in the 4th quarter. HB Wealth Management LLC now owns 6,505,668 shares of the company’s stock valued at $147,681,000 after buying an additional 4,281,591 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Schwab US Broad Market ETF by 192.7% during the 4th quarter. Ballentine Partners LLC now owns 3,122,833 shares of the company’s stock worth $70,888,000 after buying an additional 2,055,961 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in shares of Schwab US Broad Market ETF by 195.7% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,752,318 shares of the company’s stock worth $62,478,000 after acquiring an additional 1,821,631 shares during the period. Myecfo LLC grew its stake in shares of Schwab US Broad Market ETF by 206.4% in the fourth quarter. Myecfo LLC now owns 2,270,249 shares of the company’s stock valued at $51,539,000 after acquiring an additional 1,529,275 shares in the last quarter. Finally, Winthrop Advisory Group LLC increased its stake in Schwab US Broad Market ETF by 270.0% during the 4th quarter. Winthrop Advisory Group LLC now owns 1,476,379 shares of the company’s stock worth $33,514,000 after acquiring an additional 1,077,345 shares during the period.

Schwab US Broad Market ETF Trading Up 0.9 %

NYSEARCA SCHB opened at $23.43 on Wednesday. Schwab US Broad Market ETF has a 1 year low of $18.75 and a 1 year high of $23.73. The firm’s 50 day simple moving average is $23.12 and its 200 day simple moving average is $22.21. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02.

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.