Wealthspire Advisors LLC Buys 42,910 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Wealthspire Advisors LLC grew its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 214.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 62,877 shares of the company’s stock after buying an additional 42,910 shares during the period. Wealthspire Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $3,500,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lee Financial Co bought a new position in Schwab US Broad Market ETF in the third quarter worth approximately $35,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Schwab US Broad Market ETF by 55.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 621 shares of the company’s stock worth $35,000 after purchasing an additional 221 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in Schwab US Broad Market ETF in the 4th quarter valued at $41,000. Bfsg LLC bought a new stake in Schwab US Broad Market ETF during the 4th quarter valued at $41,000. Finally, Evolution Advisers Inc. raised its holdings in Schwab US Broad Market ETF by 33.8% during the fourth quarter. Evolution Advisers Inc. now owns 756 shares of the company’s stock worth $42,000 after buying an additional 191 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock traded down $0.04 during trading hours on Wednesday, reaching $60.21. The company’s stock had a trading volume of 524,131 shares, compared to its average volume of 852,915. The stock’s fifty day simple moving average is $59.70 and its two-hundred day simple moving average is $56.34. The company has a market capitalization of $27.66 billion, a P/E ratio of 24.20 and a beta of 1.03. Schwab US Broad Market ETF has a one year low of $47.46 and a one year high of $61.18.

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.