Archer Investment Management LLC Buys Shares of 220,800 Schwab US Broad Market ETF (NYSEARCA:SCHB)

Archer Investment Management LLC purchased a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 220,800 shares of the company’s stock, valued at approximately $5,012,000. Schwab US Broad Market ETF accounts for about 3.1% of Archer Investment Management LLC’s investment portfolio, making the stock its 11th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Albion Financial Group UT grew its holdings in 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 worth $29,000 after acquiring an additional 840 shares during the last quarter. Global Financial Private Client LLC boosted its stake in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. GAMMA Investing LLC now owns 1,446 shares of the company’s stock valued at $33,000 after purchasing an additional 964 shares in the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of Schwab US Broad Market ETF by 128.0% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,521 shares of the company’s stock valued at $35,000 after purchasing an additional 854 shares in the last quarter. Finally, Marquette Asset Management LLC boosted its stake in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. Marquette Asset Management LLC now owns 1,593 shares of the company’s stock valued at $36,000 after purchasing an additional 1,062 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA SCHB opened at $23.20 on Tuesday. The stock has a market cap of $10.67 billion, a P/E ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 1 year low of $18.98 and a 1 year high of $23.73. The firm has a 50-day moving average of $23.20 and a 200 day moving average of $22.33.

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.