Modern Wealth Management LLC bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 253,045 shares of the company’s stock, valued at approximately $5,448,000.
A number of other institutional investors and hedge funds have also modified their holdings of SCHB. Studio Investment Management LLC increased its holdings in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after purchasing an additional 728 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF in the 1st quarter worth $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF in the 1st quarter worth $30,000. Vermillion Wealth Management Inc. purchased a new position in shares of Schwab US Broad Market ETF in the 4th quarter worth $31,000. Finally, Curat Global LLC purchased a new position in shares of Schwab US Broad Market ETF in the 1st quarter worth $31,000.
Schwab US Broad Market ETF Price Performance
SCHB stock opened at $25.43 on Friday. The company has a market cap of $36.77 billion, a P/E ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $25.47. The stock’s fifty day moving average price is $24.57 and its 200-day moving average price is $22.91.
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.
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