Pinkerton Wealth LLC Buys 272,131 Shares of Schwab US Broad Market ETF $SCHB

Pinkerton Wealth LLC boosted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 720.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 309,899 shares of the company’s stock after buying an additional 272,131 shares during the quarter. Schwab US Broad Market ETF accounts for 0.9% of Pinkerton Wealth LLC’s investment portfolio, making the stock its 21st largest holding. Pinkerton Wealth LLC’s holdings in Schwab US Broad Market ETF were worth $7,968,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. lifted its stake in Schwab US Broad Market ETF by 3.4% in the second quarter. Avantax Advisory Services Inc. now owns 81,215 shares of the company’s stock worth $1,935,000 after purchasing an additional 2,664 shares during the last quarter. Boyum Wealth Architects LLC boosted its position in shares of Schwab US Broad Market ETF by 10.3% during the third quarter. Boyum Wealth Architects LLC now owns 1,225,521 shares of the company’s stock valued at $31,508,000 after buying an additional 114,806 shares during the period. SCS Capital Management LLC grew its stake in shares of Schwab US Broad Market ETF by 2.7% during the second quarter. SCS Capital Management LLC now owns 12,223,396 shares of the company’s stock valued at $291,284,000 after buying an additional 322,220 shares during the last quarter. Cambridge Financial Group LLC grew its stake in shares of Schwab US Broad Market ETF by 43.8% during the second quarter. Cambridge Financial Group LLC now owns 189,882 shares of the company’s stock valued at $4,525,000 after buying an additional 57,856 shares during the last quarter. Finally, Weaver Capital Management LLC purchased a new stake in shares of Schwab US Broad Market ETF in the third quarter worth approximately $35,322,000.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB opened at $26.15 on Tuesday. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $26.94. The company has a market cap of $38.10 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The business’s 50 day moving average price is $26.54 and its 200-day moving average price is $26.06.

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.