Schwab US Broad Market ETF (NYSEARCA:SCHB) Stake Lifted by Successful Portfolios LLC

Successful Portfolios LLC lifted its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 202.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 218,809 shares of the company’s stock after acquiring an additional 146,550 shares during the period. Schwab US Broad Market ETF accounts for approximately 3.3% of Successful Portfolios LLC’s investment portfolio, making the stock its 6th biggest holding. Successful Portfolios LLC’s holdings in Schwab US Broad Market ETF were worth $4,967,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHB. Versant Capital Management Inc boosted its stake in Schwab US Broad Market ETF by 201.0% in the fourth quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock valued at $318,000 after acquiring an additional 9,352 shares in the last quarter. Fulcrum Equity Management boosted its position in shares of Schwab US Broad Market ETF by 6.3% in 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 during the period. Wilmington Savings Fund Society FSB purchased a new position in Schwab US Broad Market ETF during the 3rd quarter worth approximately $703,000. Franklin Resources Inc. increased its position in Schwab US Broad Market ETF by 952.4% during the third quarter. Franklin Resources Inc. now owns 4,420 shares of the company’s stock worth $294,000 after buying an additional 4,000 shares during the period. Finally, Tudor Financial Inc. purchased a new stake in Schwab US Broad Market ETF in the third quarter valued at approximately $996,000.

Schwab US Broad Market ETF Trading Up 1.0 %

SCHB stock opened at $23.21 on Monday. The company has a market capitalization of $10.67 billion, a P/E ratio of 25.24 and a beta of 1.02. The business has a 50 day simple moving average of $23.12 and a 200-day simple moving average of $22.19. Schwab US Broad Market ETF has a twelve month low of $18.34 and a twelve month 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.