Asset Dedication LLC bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 154,192 shares of the company’s stock, valued at approximately $4,519,000.
Other hedge funds have also recently made changes to their positions in the company. Markowski Investments purchased a new position in Schwab US Broad Market ETF in the second quarter valued at $31,000. Compass Financial Management LLC bought a new stake in Schwab US Broad Market ETF during the 2nd quarter valued at $38,000. Albion Financial Group UT acquired a new position in shares of Schwab US Broad Market ETF in the third quarter worth $38,000. NWK Group Inc. increased its stake in Schwab US Broad Market ETF by 23.0% in the first quarter. NWK Group Inc. now owns 1,897 shares of the company’s stock valued at $48,000 after acquiring an additional 355 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in Schwab US Broad Market ETF during the 2nd quarter worth $59,000.
Schwab US Broad Market ETF Trading Up 0.4%
Shares of SCHB stock opened at $28.30 on Friday. The stock has a 50 day simple moving average of $29.46 and a 200 day simple moving average of $28.17. The stock has a market cap of $43.10 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1 year low of $24.28 and a 1 year high of $30.15.
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.
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Want to see what other hedge funds are holding SCHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report).
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