Schwab US Broad Market ETF $SCHB Shares Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC raised its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,529,638 shares of the company’s stock after buying an additional 43,788 shares during the quarter. Modern Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $38,700,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Financial Life Planners acquired a new stake in shares of Schwab US Broad Market ETF during the first quarter valued at $27,000. Birchwood Financial Partners Inc. acquired a new position in Schwab US Broad Market ETF in the 4th quarter valued at about $28,000. Wiser Advisor Group LLC acquired a new position in Schwab US Broad Market ETF in the 3rd quarter valued at about $29,000. Bayban purchased a new position in Schwab US Broad Market ETF in the 4th quarter valued at about $33,000. Finally, LRI Investments LLC purchased a new position in Schwab US Broad Market ETF in the 4th quarter valued at about $35,000.

Schwab US Broad Market ETF Price Performance

Schwab US Broad Market ETF stock opened at $28.55 on Friday. Schwab US Broad Market ETF has a 12-month low of $23.85 and a 12-month high of $29.35. The stock has a market capitalization of $42.77 billion, a P/E ratio of 25.08 and a beta of 1.02. The firm’s 50-day moving average is $28.80 and its two-hundred day moving average is $27.34.

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