Schwab US Broad Market ETF (NYSEARCA:SCHB) Shares Acquired by Summit Asset Management LLC

Summit Asset Management LLC lifted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,205 shares of the company’s stock after purchasing an additional 15,470 shares during the period. Summit Asset Management LLC’s holdings in Schwab US Broad Market ETF were worth $527,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHB. Raymond James & Associates grew its position in shares of Schwab US Broad Market ETF by 12.0% during the third quarter. Raymond James & Associates now owns 194,838 shares of the company’s stock worth $12,961,000 after buying an additional 20,941 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Schwab US Broad Market ETF by 0.7% during the third quarter. Private Advisor Group LLC now owns 71,877 shares of the company’s stock worth $4,781,000 after buying an additional 483 shares in the last quarter. Sigma Investment Counselors Inc. grew its position in shares of Schwab US Broad Market ETF by 5.0% during the third quarter. Sigma Investment Counselors Inc. now owns 42,552 shares of the company’s stock worth $2,831,000 after buying an additional 2,032 shares in the last quarter. Capital Management Associates Inc acquired a new position in shares of Schwab US Broad Market ETF during the third quarter worth about $37,567,000. Finally, Mayfair Advisory Group LLC grew its position in shares of Schwab US Broad Market ETF by 33.7% during the third quarter. Mayfair Advisory Group LLC now owns 29,990 shares of the company’s stock worth $1,991,000 after buying an additional 7,553 shares in the last quarter.

Schwab US Broad Market ETF Stock Down 1.9 %

Shares of SCHB opened at $23.18 on Friday. The stock has a 50 day moving average price of $23.20 and a 200 day moving average price of $22.57. The company has a market capitalization of $33.15 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04. Schwab US Broad Market ETF has a 52-week low of $19.14 and a 52-week high of $23.77.

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.