HM Payson & Co. Boosts Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

HM Payson & Co. boosted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 199.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,822 shares of the company’s stock after purchasing an additional 3,881 shares during the quarter. HM Payson & Co.’s holdings in Schwab US Broad Market ETF were worth $132,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC acquired a new stake in Schwab US Broad Market ETF during the third quarter worth about $867,000. Rocky Mountain Advisers LLC increased its stake in Schwab US Broad Market ETF by 1.1% during the third quarter. Rocky Mountain Advisers LLC now owns 125,782 shares of the company’s stock worth $8,367,000 after acquiring an additional 1,380 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Schwab US Broad Market ETF by 33.0% in the third quarter. Axxcess Wealth Management LLC now owns 12,158 shares of the company’s stock valued at $809,000 after buying an additional 3,015 shares in the last quarter. Round Rock Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF in the third quarter valued at about $201,000. Finally, Meritage Portfolio Management grew its stake in shares of Schwab US Broad Market ETF by 41.4% in the third quarter. Meritage Portfolio Management now owns 32,669 shares of the company’s stock valued at $2,173,000 after buying an additional 9,570 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

SCHB stock opened at $22.18 on Monday. Schwab US Broad Market ETF has a 1 year low of $19.14 and a 1 year high of $23.77. The firm has a market cap of $31.72 billion, a P/E ratio of 25.96 and a beta of 1.04. The stock has a 50-day simple moving average of $23.10 and a 200-day simple moving average of $22.71.

About Schwab US Broad Market ETF

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.