Pinkerton Wealth LLC Purchases 274,422 Shares of Schwab US Broad Market ETF $SCHB

Pinkerton Wealth LLC purchased a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 274,422 shares of the company’s stock, valued at approximately $8,043,000. Schwab US Broad Market ETF comprises 1.3% of Pinkerton Wealth LLC’s portfolio, making the stock its 16th largest holding.

Several other hedge funds also recently modified their holdings of SCHB. Forvis Mazars Wealth Advisors LLC bought a new position in Schwab US Broad Market ETF during the 3rd quarter worth approximately $175,355,000. Capital & Planning LLC acquired a new position in Schwab US Broad Market ETF during the second quarter valued at approximately $875,000. Allworth Financial LP increased its stake in Schwab US Broad Market ETF by 6.2% in the second quarter. Allworth Financial LP now owns 1,809,502 shares of the company’s stock valued at $52,403,000 after purchasing an additional 106,193 shares in the last quarter. First Heartland Consultants Inc. bought a new stake in Schwab US Broad Market ETF in the third quarter valued at approximately $823,000. Finally, Davidson Kahn Capital Management LLC increased its stake in Schwab US Broad Market ETF by 17.3% in the third quarter. Davidson Kahn Capital Management LLC now owns 808,109 shares of the company’s stock valued at $23,686,000 after purchasing an additional 119,426 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

SCHB opened at $29.07 on Monday. The firm’s fifty day moving average is $29.55 and its two-hundred day moving average is $28.12. The firm has a market cap of $44.20 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a twelve month low of $24.28 and a twelve month high of $30.15.

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