Schwab US Broad Market ETF $SCHB Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC grew its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 15.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,529,934 shares of the company’s stock after acquiring an additional 468,702 shares during the period. Waverly Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $102,227,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Lawood & Co. purchased a new stake in Schwab US Broad Market ETF during the fourth quarter worth approximately $879,000. Destination Wealth Management raised its stake in shares of Schwab US Broad Market ETF by 60.2% in the 4th quarter. Destination Wealth Management now owns 402,252 shares of the company’s stock valued at $10,551,000 after acquiring an additional 151,217 shares during the period. Robinson Smith Wealth Advisors LLC lifted its holdings in shares of Schwab US Broad Market ETF by 5.3% during the 4th quarter. Robinson Smith Wealth Advisors LLC now owns 1,073,612 shares of the company’s stock valued at $28,161,000 after acquiring an additional 54,271 shares in the last quarter. Hamilton Wealth LLC purchased a new stake in Schwab US Broad Market ETF during the 4th quarter worth $1,108,000. Finally, HHM Wealth Advisors LLC boosted its position in Schwab US Broad Market ETF by 2.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock worth $129,179,000 after purchasing an additional 108,943 shares during the period.

Schwab US Broad Market ETF Price Performance

NYSEARCA SCHB traded down $0.16 during trading hours on Tuesday, hitting $29.57. The company had a trading volume of 5,479,141 shares, compared to its average volume of 9,041,058. The firm’s 50 day moving average is $29.30 and its 200 day moving average is $27.99. Schwab US Broad Market ETF has a fifty-two week low of $24.28 and a fifty-two week high of $30.15. The company has a market capitalization of $44.36 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

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