Ciovacco Capital Management LLC Raises Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Ciovacco Capital Management LLC boosted its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.0% in the fourth quarter, HoldingsChannel reports. The fund owned 12,676 shares of the company’s stock after acquiring an additional 8,450 shares during the period. Schwab US Broad Market ETF accounts for 0.2% of Ciovacco Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Ciovacco Capital Management LLC’s holdings in Schwab US Broad Market ETF were worth $288,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC lifted its position in Schwab US Broad Market ETF by 200.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 16,468 shares of the company’s stock valued at $374,000 after acquiring an additional 10,979 shares during the period. Versant Capital Management Inc increased its stake in Schwab US Broad Market ETF by 201.0% during the 4th quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock valued at $318,000 after purchasing an additional 9,352 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in Schwab US Broad Market ETF by 194.3% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 25,146 shares of the company’s stock valued at $571,000 after purchasing an additional 16,602 shares in the last quarter. Fulcrum Equity Management increased its stake in Schwab US Broad Market ETF by 6.3% during the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock valued at $744,000 after purchasing an additional 668 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Schwab US Broad Market ETF during the 3rd quarter valued at about $703,000.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $21.82 on Friday. The firm has a market cap of $31.20 billion, a P/E ratio of 23.90 and a beta of 1.05. Schwab US Broad Market ETF has a fifty-two week low of $19.14 and a fifty-two week high of $23.77. The firm has a 50-day simple moving average of $22.89 and a two-hundred day simple moving average of $22.69.

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.