Intelligence Driven Advisers LLC Grows Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Intelligence Driven Advisers LLC raised its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 177.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 531,432 shares of the company’s stock after buying an additional 339,894 shares during the quarter. Schwab US Broad Market ETF makes up 2.3% of Intelligence Driven Advisers LLC’s investment portfolio, making the stock its 13th largest position. Intelligence Driven Advisers LLC’s holdings in Schwab US Broad Market ETF were worth $12,064,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Schwab US Broad Market ETF by 201.0% in the 4th 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. Albion Financial Group UT grew its position in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Albion Financial Group UT now owns 1,260 shares of the company’s stock worth $29,000 after buying an additional 840 shares during the period. Global Financial Private Client LLC increased its holdings in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock valued at $30,000 after buying an additional 888 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. GAMMA Investing LLC now owns 1,446 shares of the company’s stock valued at $33,000 after acquiring an additional 964 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its stake in shares of Schwab US Broad Market ETF by 128.0% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,521 shares of the company’s stock worth $35,000 after acquiring an additional 854 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB opened at $23.39 on Thursday. Schwab US Broad Market ETF has a 1-year low of $19.04 and a 1-year high of $23.73. The stock has a market cap of $10.75 billion, a P/E ratio of 25.24 and a beta of 1.02. The stock’s 50 day simple moving average is $23.20 and its 200 day simple moving average is $22.44.

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.