Summit Financial Strategies Inc. Acquires 2,665,067 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Summit Financial Strategies Inc. boosted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 192.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,053,079 shares of the company’s stock after acquiring an additional 2,665,067 shares during the quarter. Schwab US Broad Market ETF accounts for 10.2% of Summit Financial Strategies Inc.’s holdings, making the stock its 2nd largest position. Summit Financial Strategies Inc.’s holdings in Schwab US Broad Market ETF were worth $92,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hengehold Capital Management LLC raised its holdings in shares of Schwab US Broad Market ETF by 192.6% during the 4th quarter. Hengehold Capital Management LLC now owns 8,942,406 shares of the company’s stock worth $202,993,000 after acquiring an additional 5,886,366 shares during the period. HB Wealth Management LLC grew its stake in shares of Schwab US Broad Market ETF by 192.5% in the fourth quarter. HB Wealth Management LLC now owns 6,505,668 shares of the company’s stock valued at $147,681,000 after buying an additional 4,281,591 shares in the last quarter. Ballentine Partners LLC increased its stake in Schwab US Broad Market ETF by 192.7% during the fourth quarter. Ballentine Partners LLC now owns 3,122,833 shares of the company’s stock worth $70,888,000 after purchasing an additional 2,055,961 shares during the period. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in Schwab US Broad Market ETF by 195.7% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,752,318 shares of the company’s stock worth $62,478,000 after buying an additional 1,821,631 shares in the last quarter. Finally, Myecfo LLC raised its stake in shares of Schwab US Broad Market ETF by 206.4% in the fourth quarter. Myecfo LLC now owns 2,270,249 shares of the company’s stock valued at $51,539,000 after acquiring an additional 1,529,275 shares in the last quarter.

Schwab US Broad Market ETF Stock Down 0.3 %

NYSEARCA SCHB opened at $23.60 on Monday. The stock has a market capitalization of $10.85 billion, a PE ratio of 25.24 and a beta of 1.02. The firm has a 50 day moving average of $23.16 and a two-hundred day moving average of $22.27. Schwab US Broad Market ETF has a 52 week low of $18.75 and a 52 week high of $23.73.

About Schwab US Broad Market ETF

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.