Schwab US Broad Market ETF (NYSEARCA:SCHB) Position Lifted by FFT Wealth Management LLC

FFT Wealth Management LLC increased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,632,813 shares of the company’s stock after purchasing an additional 39,608 shares during the quarter. Schwab US Broad Market ETF makes up approximately 7.9% of FFT Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. FFT Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $90,899,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of SCHB. Lee Financial Co bought a new position in shares of Schwab US Broad Market ETF in the third quarter worth approximately $35,000. Creative Financial Designs Inc. ADV boosted its holdings in Schwab US Broad Market ETF by 55.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 621 shares of the company’s stock worth $35,000 after buying an additional 221 shares during the period. BKM Wealth Management LLC purchased a new stake in Schwab US Broad Market ETF in the 4th quarter worth $41,000. Bfsg LLC purchased a new position in Schwab US Broad Market ETF in the fourth quarter worth about $41,000. Finally, Evolution Advisers Inc. increased its stake in Schwab US Broad Market ETF by 33.8% during the fourth quarter. Evolution Advisers Inc. now owns 756 shares of the company’s stock worth $42,000 after acquiring an additional 191 shares during the last quarter.

Schwab US Broad Market ETF Stock Down 0.3 %

SCHB traded down $0.18 during trading on Wednesday, reaching $58.22. The company had a trading volume of 1,300,386 shares, compared to its average volume of 862,425. The business has a 50 day simple moving average of $59.62 and a 200-day simple moving average of $55.98. The stock has a market cap of $26.75 billion, a P/E ratio of 24.20 and a beta of 1.03. Schwab US Broad Market ETF has a 52 week low of $46.92 and a 52 week high of $61.18.

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.