Founders Financial Alliance LLC Increases Stock Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Founders Financial Alliance LLC raised its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 198.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,100 shares of the company’s stock after buying an additional 7,386 shares during the quarter. Founders Financial Alliance LLC’s holdings in Schwab US Broad Market ETF were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Staley Capital Advisers Inc. raised its position in shares of Schwab US Broad Market ETF by 196.7% in the 4th quarter. Staley Capital Advisers Inc. now owns 61,280 shares of the company’s stock valued at $1,391,000 after purchasing an additional 40,629 shares during the last quarter. Morling Financial Advisors LLC increased its stake in Schwab US Broad Market ETF by 179.4% during the 4th quarter. Morling Financial Advisors LLC now owns 50,025 shares of the company’s stock valued at $1,136,000 after purchasing an additional 32,119 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Schwab US Broad Market ETF by 201.0% in the fourth quarter. Citizens Financial Group Inc. RI now owns 40,005 shares of the company’s stock worth $908,000 after buying an additional 26,715 shares during the last quarter. Sage Mountain Advisors LLC lifted its stake in shares of Schwab US Broad Market ETF by 6,132.4% during the fourth quarter. Sage Mountain Advisors LLC now owns 4,425 shares of the company’s stock worth $100,000 after buying an additional 4,354 shares during the period. Finally, VERITY Wealth Advisors grew its holdings in shares of Schwab US Broad Market ETF by 200.0% during the fourth quarter. VERITY Wealth Advisors now owns 56,088 shares of the company’s stock valued at $1,273,000 after buying an additional 37,392 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

NYSEARCA SCHB opened at $21.41 on Wednesday. The stock’s fifty day moving average price is $23.05 and its 200 day moving average price is $22.71. Schwab US Broad Market ETF has a 1 year low of $19.14 and a 1 year high of $23.77. The company has a market cap of $30.62 billion, a price-to-earnings ratio of 23.90 and a beta of 1.05.

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.