Fagan Associates Inc. Raises Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Fagan Associates Inc. increased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 234.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 320,466 shares of the company’s stock after buying an additional 224,727 shares during the period. Schwab US Broad Market ETF comprises 1.2% of Fagan Associates Inc.’s investment portfolio, making the stock its 28th biggest holding. Fagan Associates Inc.’s holdings in Schwab US Broad Market ETF were worth $7,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Good Life Advisors LLC boosted its holdings in shares of Schwab US Broad Market ETF by 200.2% in the 4th quarter. Good Life Advisors LLC now owns 17,008 shares of the company’s stock worth $386,000 after buying an additional 11,343 shares during the last quarter. Summit Place Financial Advisors LLC boosted its holdings in shares of Schwab US Broad Market ETF by 215.6% in the 4th quarter. Summit Place Financial Advisors LLC now owns 39,714 shares of the company’s stock worth $902,000 after buying an additional 27,131 shares during the last quarter. Vista Capital Partners Inc. boosted its holdings in shares of Schwab US Broad Market ETF by 183.7% in the 4th quarter. Vista Capital Partners Inc. now owns 530,657 shares of the company’s stock worth $12,046,000 after buying an additional 343,599 shares during the last quarter. Financial Consulate Inc. raised its stake in Schwab US Broad Market ETF by 202.5% in the 4th quarter. Financial Consulate Inc. now owns 121,581 shares of the company’s stock valued at $2,760,000 after acquiring an additional 81,391 shares during the period. Finally, Pegasus Asset Management Inc. raised its stake in Schwab US Broad Market ETF by 188.3% in the 4th quarter. Pegasus Asset Management Inc. now owns 1,211,636 shares of the company’s stock valued at $27,504,000 after acquiring an additional 791,417 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock opened at $23.71 on Wednesday. Schwab US Broad Market ETF has a 52-week low of $19.14 and a 52-week high of $23.73. The stock’s 50-day simple moving average is $23.19 and its 200 day simple moving average is $22.51. The stock has a market capitalization of $10.90 billion, a P/E ratio of 25.24 and a beta of 1.02.

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.