Summit Asset Management LLC Boosts Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Summit Asset Management LLC boosted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,205 shares of the company’s stock after buying an additional 15,470 shares during the period. Summit Asset Management LLC’s holdings in Schwab US Broad Market ETF were worth $527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SCHB. Maryland Capital Advisors Inc. raised its holdings in Schwab US Broad Market ETF by 200.0% in the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after buying an additional 774 shares during the period. Jackson Grant Investment Advisers Inc. increased its stake in Schwab US Broad Market ETF by 201.0% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,249 shares of the company’s stock worth $28,000 after purchasing an additional 834 shares during the period. Beacon Capital Management LLC increased its stake in Schwab US Broad Market ETF by 200.2% during the fourth quarter. Beacon Capital Management LLC now owns 1,216 shares of the company’s stock worth $28,000 after purchasing an additional 811 shares during the period. Albion Financial Group UT increased its stake in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Albion Financial Group UT now owns 1,260 shares of the company’s stock worth $29,000 after purchasing an additional 840 shares during the period. Finally, Global Financial Private Client LLC increased its stake in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $23.18 on Friday. The firm has a market capitalization of $33.15 billion, a PE ratio of 25.96 and a beta of 1.04. The firm’s 50-day moving average is $23.20 and its two-hundred day moving average is $22.57. Schwab US Broad Market ETF has a 1 year low of $19.14 and a 1 year high of $23.77.

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.