Schwab US Broad Market ETF (NYSEARCA:SCHB) is Axos Invest Inc.’s 8th Largest Position

Axos Invest Inc. lifted its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 111.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 160,661 shares of the company’s stock after acquiring an additional 84,684 shares during the quarter. Schwab US Broad Market ETF makes up approximately 2.7% of Axos Invest Inc.’s investment portfolio, making the stock its 8th biggest position. Axos Invest Inc.’s holdings in Schwab US Broad Market ETF were worth $3,647,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Keystone Financial Group Inc. purchased a new position in Schwab US Broad Market ETF during the fourth quarter valued at $48,000. Spectrum Asset Management Inc. NB CA increased its holdings in shares of Schwab US Broad Market ETF by 203.7% during the fourth quarter. Spectrum Asset Management Inc. NB CA now owns 92,050 shares of the company’s stock valued at $2,090,000 after acquiring an additional 61,738 shares in the last quarter. Socha Financial Group LLC raised its position in shares of Schwab US Broad Market ETF by 200.3% in the 4th quarter. Socha Financial Group LLC now owns 3,100,980 shares of the company’s stock worth $70,392,000 after purchasing an additional 2,068,382 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in Schwab US Broad Market ETF by 6,492.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,959,692 shares of the company’s stock worth $112,585,000 after purchasing an additional 4,884,457 shares in the last quarter. Finally, Leo Wealth LLC grew its position in Schwab US Broad Market ETF by 203.9% during the 4th quarter. Leo Wealth LLC now owns 153,416 shares of the company’s stock valued at $3,483,000 after purchasing an additional 102,934 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $23.55 on Friday. The firm has a market cap of $10.83 billion, a P/E ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a fifty-two week low of $19.04 and a fifty-two week high of $23.73. The firm has a 50-day simple moving average of $23.20 and a two-hundred day simple moving average of $22.37.

Schwab US Broad Market ETF Company 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.