Schwab US Broad Market ETF (NYSEARCA:SCHB) Shares Acquired by Global Wealth Management LLC

Global Wealth Management LLC increased its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,058,243 shares of the company’s stock after acquiring an additional 705,626 shares during the period. Schwab US Broad Market ETF comprises 15.3% of Global Wealth Management LLC’s investment portfolio, making the stock its biggest position. Global Wealth Management LLC owned approximately 0.23% of Schwab US Broad Market ETF worth $24,022,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in Schwab US Broad Market ETF in the 2nd quarter valued at approximately $28,000. Joseph Group Capital Management purchased a new position in Schwab US Broad Market ETF in the third quarter valued at $66,000. Northwest Investment Counselors LLC acquired a new position in Schwab US Broad Market ETF during the 3rd quarter worth $69,000. Global Financial Private Client LLC grew its stake in Schwab US Broad Market ETF by 200.0% during the 4th quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Schwab US Broad Market ETF by 200.0% during the 4th quarter. GAMMA Investing LLC now owns 1,446 shares of the company’s stock worth $33,000 after purchasing an additional 964 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB opened at $23.21 on Monday. Schwab US Broad Market ETF has a 1 year low of $18.34 and a 1 year high of $23.73. The stock has a market capitalization of $10.67 billion, a PE ratio of 25.24 and a beta of 1.02. The stock has a 50-day simple moving average of $23.12 and a 200-day simple moving average of $22.19.

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.