Buckingham Capital Management Inc. Purchases 940,045 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Buckingham Capital Management Inc. increased its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 169.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,495,896 shares of the company’s stock after purchasing an additional 940,045 shares during the period. Schwab US Broad Market ETF makes up about 3.9% of Buckingham Capital Management Inc.’s portfolio, making the stock its 5th biggest holding. Buckingham Capital Management Inc. owned approximately 0.33% of Schwab US Broad Market ETF worth $33,957,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Schwab US Broad Market ETF by 201.0% during the fourth quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock worth $318,000 after purchasing an additional 9,352 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in Schwab US Broad Market ETF by 194.3% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 25,146 shares of the company’s stock worth $571,000 after acquiring an additional 16,602 shares during the period. Fulcrum Equity Management raised its holdings in Schwab US Broad Market ETF by 6.3% in the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock valued at $744,000 after acquiring an additional 668 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter valued at $703,000. Finally, Franklin Resources Inc. grew its holdings in shares of Schwab US Broad Market ETF by 952.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,420 shares of the company’s stock worth $294,000 after purchasing an additional 4,000 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB opened at $23.65 on Tuesday. The stock has a market capitalization of $10.87 billion, a P/E ratio of 25.24 and a beta of 1.02. The stock’s fifty day moving average is $23.19 and its 200 day moving average is $22.49. Schwab US Broad Market ETF has a 52 week low of $19.14 and a 52 week high of $23.73.

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.