NewEdge Wealth LLC Boosts Stock Holdings in Schwab US Broad Market ETF $SCHB

NewEdge Wealth LLC lifted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,249 shares of the company’s stock after acquiring an additional 26,598 shares during the quarter. NewEdge Wealth LLC’s holdings in Schwab US Broad Market ETF were worth $2,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Caprock Group LLC purchased a new stake in Schwab US Broad Market ETF during the third quarter worth approximately $54,987,000. Boulder Wealth Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF during the third quarter worth about $40,435,000. CWM LLC lifted its position in Schwab US Broad Market ETF by 304.7% during the 4th quarter. CWM LLC now owns 1,648,774 shares of the company’s stock worth $43,247,000 after acquiring an additional 1,241,374 shares during the period. Modern Wealth Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 422.7% during the third quarter. Modern Wealth Management LLC now owns 1,518,936 shares of the company’s stock worth $39,052,000 after purchasing an additional 1,228,327 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of Schwab US Broad Market ETF by 942.2% in the 2nd quarter. Quantinno Capital Management LP now owns 1,234,589 shares of the company’s stock worth $29,420,000 after acquiring an additional 1,116,125 shares during the period.

Schwab US Broad Market ETF Trading Down 0.2%

Shares of SCHB stock opened at $28.41 on Wednesday. The company has a market cap of $42.01 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12-month low of $22.16 and a 12-month high of $28.55. The stock has a 50 day simple moving average of $26.42 and a 200-day simple moving average of $26.37.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.