Summit Wealth & Retirement Planning Inc. Buys 158,977 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Summit Wealth & Retirement Planning Inc. boosted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 202.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 237,647 shares of the company’s stock after purchasing an additional 158,977 shares during the period. Schwab US Broad Market ETF makes up approximately 1.7% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its 15th largest position. Summit Wealth & Retirement Planning Inc. owned about 0.05% of Schwab US Broad Market ETF worth $5,395,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Empowered Funds LLC purchased a new stake in Schwab US Broad Market ETF during the fourth quarter valued at $153,000. Hendershot Investments Inc. grew its stake in shares of Schwab US Broad Market ETF by 197.1% during the 4th quarter. Hendershot Investments Inc. now owns 84,694 shares of the company’s stock valued at $1,923,000 after purchasing an additional 56,184 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,722 shares of the company’s stock valued at $720,000 after purchasing an additional 21,148 shares during the last quarter. Strid Group LLC increased its position in shares of Schwab US Broad Market ETF by 197.8% during the 4th quarter. Strid Group LLC now owns 8,530,226 shares of the company’s stock valued at $193,636,000 after purchasing an additional 5,666,068 shares during the last quarter. Finally, American Capital Advisory LLC lifted its stake in shares of Schwab US Broad Market ETF by 246.6% in the 4th quarter. American Capital Advisory LLC now owns 2,142 shares of the company’s stock worth $49,000 after purchasing an additional 1,524 shares during the period.

Schwab US Broad Market ETF Trading Down 1.0 %

Shares of NYSEARCA SCHB opened at $23.32 on Friday. Schwab US Broad Market ETF has a 12-month low of $19.04 and a 12-month high of $23.73. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. The firm has a 50 day moving average of $23.20 and a 200 day moving average of $22.39.

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.