Pegasus Asset Management Inc. Has $27.50 Million Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Pegasus Asset Management Inc. boosted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 188.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,211,636 shares of the company’s stock after acquiring an additional 791,417 shares during the period. Schwab US Broad Market ETF makes up approximately 10.4% of Pegasus Asset Management Inc.’s holdings, making the stock its largest holding. Pegasus Asset Management Inc.’s holdings in Schwab US Broad Market ETF were worth $27,504,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. boosted its position in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after acquiring an additional 774 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its holdings in Schwab US Broad Market ETF by 201.0% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,249 shares of the company’s stock valued at $28,000 after purchasing an additional 834 shares in the last quarter. Beacon Capital Management LLC grew its stake in shares of Schwab US Broad Market ETF by 200.2% in the 4th quarter. Beacon Capital Management LLC now owns 1,216 shares of the company’s stock valued at $28,000 after purchasing an additional 811 shares during the period. Albion Financial Group UT raised its holdings in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. Albion Financial Group UT now owns 1,260 shares of the company’s stock worth $29,000 after buying an additional 840 shares in the last quarter. Finally, Global Financial Private Client LLC lifted its position in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock worth $30,000 after buying an additional 888 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $23.71 on Wednesday. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a fifty-two week low of $19.14 and a fifty-two week high of $23.73. The business’s fifty day moving average price is $23.19 and its two-hundred day moving average price is $22.51.

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.