Schwab US Broad Market ETF $SCHB Stock Acquired by Wrenne Financial Planning LLC

Wrenne Financial Planning LLC increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.6% in the 3rd quarter, Holdings Channel reports. The firm owned 488,707 shares of the company’s stock after purchasing an additional 25,737 shares during the period. Schwab US Broad Market ETF accounts for 4.7% of Wrenne Financial Planning LLC’s investment portfolio, making the stock its 8th largest holding. Wrenne Financial Planning LLC’s holdings in Schwab US Broad Market ETF were worth $14,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Forvis Mazars Wealth Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF in the third quarter valued at approximately $175,355,000. Capital & Planning LLC purchased a new stake in shares of Schwab US Broad Market ETF during the second quarter worth approximately $875,000. Allworth Financial LP increased its position in shares of Schwab US Broad Market ETF by 6.2% during the second quarter. Allworth Financial LP now owns 1,809,502 shares of the company’s stock worth $52,403,000 after purchasing an additional 106,193 shares in the last quarter. First Heartland Consultants Inc. purchased a new stake in shares of Schwab US Broad Market ETF during the third quarter worth approximately $823,000. Finally, Davidson Kahn Capital Management LLC raised its stake in Schwab US Broad Market ETF by 17.3% in the 3rd quarter. Davidson Kahn Capital Management LLC now owns 808,109 shares of the company’s stock valued at $23,686,000 after purchasing an additional 119,426 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock opened at $29.48 on Thursday. The stock’s fifty day moving average is $29.52 and its two-hundred day moving average is $28.15. The firm has a market capitalization of $44.87 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a fifty-two week low of $24.28 and a fifty-two week high of $30.15.

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