FFT Wealth Management LLC Purchases 354,990 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

FFT Wealth Management LLC boosted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 378.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 448,868 shares of the company’s stock after buying an additional 354,990 shares during the period. Schwab US Broad Market ETF makes up about 0.8% of FFT Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. FFT Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $10,189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management bought a new position in Schwab US Broad Market ETF during the third quarter valued at approximately $66,000. Maryland Capital Advisors Inc. boosted its stake in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after buying an additional 774 shares during the last quarter. Beacon Capital Management LLC boosted its stake in Schwab US Broad Market ETF by 200.2% during the fourth quarter. Beacon Capital Management LLC now owns 1,216 shares of the company’s stock valued at $28,000 after buying an additional 811 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its stake 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 during the last quarter. Finally, Albion Financial Group UT lifted its stake in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. Albion Financial Group UT now owns 1,260 shares of the company’s stock valued at $29,000 after purchasing an additional 840 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

NYSEARCA:SCHB opened at $22.93 on Wednesday. The firm has a market capitalization of $32.79 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04. Schwab US Broad Market ETF has a 1 year low of $19.14 and a 1 year high of $23.77. The business has a 50 day simple moving average of $23.19 and a 200-day simple moving average of $22.62.

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.