Destination Wealth Management Purchases 151,217 Shares of Schwab US Broad Market ETF $SCHB

Destination Wealth Management grew its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 60.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 402,252 shares of the company’s stock after buying an additional 151,217 shares during the period. Destination Wealth Management’s holdings in Schwab US Broad Market ETF were worth $10,551,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new position in shares of Schwab US Broad Market ETF during the 3rd quarter valued at about $27,000. Wiser Advisor Group LLC purchased a new position in shares of Schwab US Broad Market ETF during the 3rd quarter valued at about $29,000. LRI Investments LLC purchased a new position in shares of Schwab US Broad Market ETF during the 4th quarter valued at about $35,000. Basepoint Wealth LLC purchased a new position in shares of Schwab US Broad Market ETF during the 4th quarter valued at about $38,000. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of Schwab US Broad Market ETF during the 4th quarter valued at about $51,000.

Schwab US Broad Market ETF Trading Up 0.5%

NYSEARCA SCHB opened at $28.69 on Friday. The stock’s 50 day moving average is $27.86 and its 200 day moving average is $26.81. Schwab US Broad Market ETF has a 12 month low of $22.88 and a 12 month high of $29.35. The stock has a market cap of $42.42 billion, a PE ratio of 25.08 and a beta of 1.02.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.