Sightline Wealth Advisors LLC Has $550,000 Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Sightline Wealth Advisors LLC raised its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 202.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,209 shares of the company’s stock after purchasing an additional 16,206 shares during the quarter. Sightline Wealth Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position 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 buying an additional 9,352 shares during the period. Fulcrum Equity Management grew its stake in shares of Schwab US Broad Market ETF by 6.3% in the third quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock valued at $744,000 after acquiring an additional 668 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Schwab US Broad Market ETF during the third quarter worth about $703,000. Franklin Resources Inc. raised its stake in Schwab US Broad Market ETF by 952.4% in the 3rd quarter. Franklin Resources Inc. now owns 4,420 shares of the company’s stock worth $294,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new stake in shares of Schwab US Broad Market ETF in the third quarter valued at approximately $996,000.

Schwab US Broad Market ETF Price Performance

Schwab US Broad Market ETF stock traded up $0.04 during mid-day trading on Monday, reaching $22.54. 4,044,800 shares of the company were exchanged, compared to its average volume of 4,389,157. The firm has a market cap of $10.36 billion, a PE ratio of 25.24 and a beta of 1.02. The company has a fifty day simple moving average of $23.11 and a 200-day simple moving average of $22.13. Schwab US Broad Market ETF has a 12 month low of $18.25 and a 12 month high of $23.73.

Schwab US Broad Market ETF 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.