Financial Engines Advisors L.L.C. increased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 274.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 263,048 shares of the company’s stock after acquiring an additional 192,822 shares during the quarter. Financial Engines Advisors L.L.C. owned about 0.06% of Schwab US Broad Market ETF worth $5,971,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Promus Capital LLC bought a new position in Schwab US Broad Market ETF during the 4th quarter worth approximately $25,000. Blume Capital Management Inc. raised its stake in Schwab US Broad Market ETF by 200.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock worth $25,000 after buying an additional 741 shares during the last quarter. Maryland Capital Advisors Inc. lifted its holdings in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after buying an additional 774 shares during the period. Wiser Advisor Group LLC boosted its position in Schwab US Broad Market ETF by 200.8% during the fourth quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock valued at $27,000 after acquiring an additional 785 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. grew its holdings in Schwab US Broad Market ETF by 201.0% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,249 shares of the company’s stock worth $28,000 after acquiring an additional 834 shares during the period.
Schwab US Broad Market ETF Trading Up 0.2 %
SCHB stock opened at $22.27 on Wednesday. The firm has a market cap of $31.85 billion, a PE ratio of 23.90 and a beta of 1.05. The stock has a 50-day moving average price of $22.86 and a 200-day moving average price of $22.73. Schwab US Broad Market ETF has a 1-year low of $19.14 and a 1-year 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.
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