Schwab US Broad Market ETF (NYSEARCA:SCHB) is Cape Investment Advisory Inc.’s Largest Position

Cape Investment Advisory Inc. trimmed its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 505,276 shares of the company’s stock after selling 654 shares during the quarter. Schwab US Broad Market ETF accounts for about 13.8% of Cape Investment Advisory Inc.’s holdings, making the stock its largest position. Cape Investment Advisory Inc.’s holdings in Schwab US Broad Market ETF were worth $28,129,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lee Financial Co purchased a new stake in shares of Schwab US Broad Market ETF during the third quarter valued at approximately $35,000. Creative Financial Designs Inc. ADV grew its holdings in Schwab US Broad Market ETF by 55.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 621 shares of the company’s stock valued at $35,000 after purchasing an additional 221 shares during the period. BKM Wealth Management LLC bought a new position in Schwab US Broad Market ETF during the fourth quarter valued at $41,000. Bfsg LLC bought a new position in Schwab US Broad Market ETF during the fourth quarter valued at $41,000. Finally, Johnson Financial Group Inc. grew its holdings in Schwab US Broad Market ETF by 76.3% during the fourth quarter. Johnson Financial Group Inc. now owns 737 shares of the company’s stock valued at $41,000 after purchasing an additional 319 shares during the period.

Schwab US Broad Market ETF Stock Performance

NYSEARCA SCHB traded up $0.63 on Thursday, hitting $58.85. 735,415 shares of the stock traded hands, compared to its average volume of 860,934. The business’s fifty day moving average is $59.62 and its two-hundred day moving average is $55.99. Schwab US Broad Market ETF has a 12 month low of $46.92 and a 12 month high of $61.18. The firm has a market capitalization of $27.04 billion, a price-to-earnings ratio of 24.20 and a beta of 1.03.

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.