Weaver Capital Management LLC Takes $35.32 Million Position in Schwab US Broad Market ETF $SCHB

Weaver Capital Management LLC bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the third quarter, HoldingsChannel reports. The fund bought 1,373,871 shares of the company’s stock, valued at approximately $35,322,000. Schwab US Broad Market ETF makes up about 7.6% of Weaver Capital Management LLC’s portfolio, making the stock its largest position.

Several other hedge funds have also recently made changes to their positions in SCHB. Christopher J. Hasenberg Inc boosted its holdings in Schwab US Broad Market ETF by 310.6% in the second quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock worth $26,000 after purchasing an additional 820 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 4,138.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,289 shares of the company’s stock valued at $55,000 after buying an additional 2,235 shares during the period. Addison Advisors LLC boosted its stake in shares of Schwab US Broad Market ETF by 319.1% in the 2nd quarter. Addison Advisors LLC now owns 2,364 shares of the company’s stock worth $56,000 after buying an additional 1,800 shares during the last quarter. Frazier Financial Advisors LLC boosted its stake in shares of Schwab US Broad Market ETF by 18.7% in the 2nd quarter. Frazier Financial Advisors LLC now owns 2,756 shares of the company’s stock worth $66,000 after buying an additional 434 shares during the last quarter. Finally, Godsey & Gibb Inc. grew its holdings in shares of Schwab US Broad Market ETF by 37.7% in the second quarter. Godsey & Gibb Inc. now owns 2,895 shares of the company’s stock worth $69,000 after acquiring an additional 792 shares during the period.

Schwab US Broad Market ETF Stock Performance

Schwab US Broad Market ETF stock opened at $26.49 on Tuesday. Schwab US Broad Market ETF has a one year low of $18.52 and a one year high of $26.63. The stock has a fifty day moving average of $26.12 and a 200 day moving average of $25.20. The stock has a market cap of $38.54 billion, a PE ratio of 25.08 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.