Morris Financial Concepts Inc. Buys 13,210 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Morris Financial Concepts Inc. increased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 199.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,830 shares of the company’s stock after purchasing an additional 13,210 shares during the period. Morris Financial Concepts Inc.’s holdings in Schwab US Broad Market ETF were worth $450,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SCHB. Creative Planning raised its position in Schwab US Broad Market ETF by 0.7% in the 3rd quarter. Creative Planning now owns 684,684 shares of the company’s stock worth $45,545,000 after purchasing an additional 4,734 shares during the last quarter. PFG Advisors raised its position in Schwab US Broad Market ETF by 0.8% in the 3rd quarter. PFG Advisors now owns 84,751 shares of the company’s stock worth $5,638,000 after purchasing an additional 710 shares during the last quarter. Jamison Private Wealth Management Inc. raised its position in Schwab US Broad Market ETF by 30.3% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 5,988 shares of the company’s stock worth $398,000 after purchasing an additional 1,391 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in Schwab US Broad Market ETF by 3.7% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 82,873 shares of the company’s stock worth $5,513,000 after purchasing an additional 2,937 shares during the last quarter. Finally, Transform Wealth LLC raised its position in Schwab US Broad Market ETF by 5.1% in the 3rd quarter. Transform Wealth LLC now owns 227,681 shares of the company’s stock worth $15,145,000 after purchasing an additional 11,053 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock opened at $23.39 on Thursday. The firm has a fifty day moving average of $23.20 and a two-hundred day moving average of $22.44. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 52 week low of $19.04 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.