Valmark Advisers Inc. Grows Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Valmark Advisers Inc. increased its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 94,691 shares of the company’s stock after purchasing an additional 2,579 shares during the quarter. Valmark Advisers Inc.’s holdings in Schwab US Broad Market ETF were worth $5,271,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SCHB. HighTower Advisors LLC boosted its stake in shares of Schwab US Broad Market ETF by 74.8% during the 3rd quarter. HighTower Advisors LLC now owns 1,822,524 shares of the company’s stock worth $90,783,000 after purchasing an additional 779,722 shares during the period. Compass Advisory Group LLC boosted its stake in shares of Schwab US Broad Market ETF by 384.5% during the 4th quarter. Compass Advisory Group LLC now owns 730,442 shares of the company’s stock worth $40,664,000 after purchasing an additional 579,689 shares during the period. GSG Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF during the 3rd quarter worth about $15,503,000. Cerity Partners LLC boosted its stake in shares of Schwab US Broad Market ETF by 259.7% during the 4th quarter. Cerity Partners LLC now owns 394,955 shares of the company’s stock worth $21,987,000 after purchasing an additional 285,145 shares during the period. Finally, Wynn Capital LLC purchased a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth about $15,332,000.

Schwab US Broad Market ETF Stock Up 0.9 %

SCHB traded up $0.51 on Friday, reaching $59.11. 534,844 shares of the company traded hands, compared to its average volume of 863,003. Schwab US Broad Market ETF has a one year low of $46.92 and a one year high of $61.18. The firm has a fifty day simple moving average of $59.59 and a two-hundred day simple moving average of $55.82. The company has a market cap of $27.16 billion, a P/E ratio of 24.20 and a beta of 1.03.

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.