Summit Wealth & Retirement Planning Inc. Increases Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Summit Wealth & Retirement Planning Inc. raised its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 202.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 237,647 shares of the company’s stock after purchasing an additional 158,977 shares during the period. Schwab US Broad Market ETF comprises 1.7% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its 15th largest position. Summit Wealth & Retirement Planning Inc.’s holdings in Schwab US Broad Market ETF were worth $5,395,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SCHB. Empowered Funds LLC purchased a new stake in Schwab US Broad Market ETF in the 4th quarter worth $153,000. Hendershot Investments Inc. grew its position in shares of Schwab US Broad Market ETF by 197.1% in the fourth quarter. Hendershot Investments Inc. now owns 84,694 shares of the company’s stock valued at $1,923,000 after purchasing an additional 56,184 shares during the period. Wilmington Savings Fund Society FSB increased its stake in shares of Schwab US Broad Market ETF by 200.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 31,722 shares of the company’s stock worth $720,000 after purchasing an additional 21,148 shares in the last quarter. Strid Group LLC raised its position in shares of Schwab US Broad Market ETF by 197.8% during the 4th quarter. Strid Group LLC now owns 8,530,226 shares of the company’s stock worth $193,636,000 after purchasing an additional 5,666,068 shares during the last quarter. Finally, American Capital Advisory LLC raised its position in shares of Schwab US Broad Market ETF by 246.6% during the 4th quarter. American Capital Advisory LLC now owns 2,142 shares of the company’s stock worth $49,000 after purchasing an additional 1,524 shares during the last quarter.

Schwab US Broad Market ETF Trading Down 1.0 %

SCHB stock opened at $23.32 on Friday. Schwab US Broad Market ETF has a 12-month low of $19.04 and a 12-month high of $23.73. The business’s 50-day moving average is $23.20 and its 200 day moving average is $22.39. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02.

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.