HB Wealth Management LLC Raises Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

HB Wealth Management LLC increased its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 192.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,505,668 shares of the company’s stock after acquiring an additional 4,281,591 shares during the period. Schwab US Broad Market ETF makes up about 1.5% of HB Wealth Management LLC’s holdings, making the stock its 12th largest holding. HB Wealth Management LLC owned approximately 1.42% of Schwab US Broad Market ETF worth $147,681,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new position in shares of Schwab US Broad Market ETF during the second quarter worth $704,000. Blair William & Co. IL boosted its position in shares of Schwab US Broad Market ETF by 3.7% during the second quarter. Blair William & Co. IL now owns 60,935 shares of the company’s stock worth $3,831,000 after buying an additional 2,189 shares during the period. Brighton Jones LLC boosted its position in shares of Schwab US Broad Market ETF by 42.0% during the second quarter. Brighton Jones LLC now owns 80,764 shares of the company’s stock worth $5,078,000 after buying an additional 23,887 shares during the period. Hollencrest Capital Management boosted its position in shares of Schwab US Broad Market ETF by 218.2% during the second quarter. Hollencrest Capital Management now owns 2,520 shares of the company’s stock worth $158,000 after buying an additional 1,728 shares during the period. Finally, AE Wealth Management LLC boosted its position in shares of Schwab US Broad Market ETF by 13.2% during the second quarter. AE Wealth Management LLC now owns 12,922 shares of the company’s stock worth $812,000 after buying an additional 1,508 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB traded up $0.24 during midday trading on Friday, hitting $23.21. 2,685,486 shares of the stock were exchanged, compared to its average volume of 3,877,478. The firm has a market cap of $10.67 billion, a P/E ratio of 25.24 and a beta of 1.02. The stock has a fifty day simple moving average of $23.12 and a 200 day simple moving average of $22.18. Schwab US Broad Market ETF has a 52-week low of $18.34 and a 52-week high of $23.73.

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.