Chapman Investment Management LLC Purchases New Shares in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Chapman Investment Management LLC purchased a new stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) during the fourth quarter, HoldingsChannel reports. The fund purchased 3,915 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zhang Financial LLC raised its stake in shares of Schwab US Broad Market ETF by 5.4% in the fourth quarter. Zhang Financial LLC now owns 153,865 shares of the company’s stock valued at $8,566,000 after acquiring an additional 7,844 shares during the period. Natixis Advisors L.P. purchased a new position in Schwab US Broad Market ETF in the 3rd quarter worth about $666,000. Morningstar Investment Services LLC increased its stake in Schwab US Broad Market ETF by 6.9% in the 3rd quarter. Morningstar Investment Services LLC now owns 664,824 shares of the company’s stock worth $33,215,000 after buying an additional 43,035 shares during the period. Citigroup Inc. increased its stake in Schwab US Broad Market ETF by 9.9% in the 3rd quarter. Citigroup Inc. now owns 3,062 shares of the company’s stock worth $153,000 after buying an additional 275 shares during the period. Finally, WBH Advisory Inc. increased its stake in Schwab US Broad Market ETF by 2.7% in the 4th quarter. WBH Advisory Inc. now owns 556,907 shares of the company’s stock worth $31,003,000 after buying an additional 14,679 shares during the period.

Schwab US Broad Market ETF Stock Up 0.9 %

SCHB stock traded up $0.51 during trading on Friday, hitting $59.11. The company had a trading volume of 534,844 shares, compared to its average volume of 863,003. The firm has a market capitalization of $27.11 billion, a P/E ratio of 24.49 and a beta of 1.03. Schwab US Broad Market ETF has a 52-week low of $46.92 and a 52-week high of $61.18. The company has a 50 day simple moving average of $59.59 and a 200-day simple moving average of $55.78.

Schwab US Broad Market ETF Company 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.