Global Wealth Management LLC Acquires 705,626 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Global Wealth Management LLC raised its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,058,243 shares of the company’s stock after buying an additional 705,626 shares during the quarter. Schwab US Broad Market ETF accounts for approximately 15.3% of Global Wealth Management LLC’s investment portfolio, making the stock its biggest holding. Global Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $24,022,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Schwab US Broad Market ETF during the 2nd quarter worth $704,000. Blair William & Co. IL increased its position in shares of Schwab US Broad Market ETF by 3.7% during the second quarter. Blair William & Co. IL now owns 60,935 shares of the company’s stock worth $3,831,000 after purchasing an additional 2,189 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 13.2% in the 2nd quarter. AE Wealth Management LLC now owns 12,922 shares of the company’s stock valued at $812,000 after purchasing an additional 1,508 shares during the last quarter. Holderness Investments Co. increased its holdings in shares of Schwab US Broad Market ETF by 4.6% in the 2nd quarter. Holderness Investments Co. now owns 24,436 shares of the company’s stock valued at $1,536,000 after acquiring an additional 1,069 shares during the period. Finally, Goepper Burkhardt LLC raised its position in Schwab US Broad Market ETF by 0.7% in the 2nd quarter. Goepper Burkhardt LLC now owns 361,972 shares of the company’s stock valued at $22,757,000 after purchasing an additional 2,549 shares during the last quarter.

Schwab US Broad Market ETF Stock Up 1.0 %

SCHB opened at $23.21 on Monday. The business has a 50 day moving average price of $23.12 and a two-hundred day moving average price of $22.19. Schwab US Broad Market ETF has a 52 week low of $18.34 and a 52 week high of $23.73. The company has a market cap of $10.67 billion, a PE ratio of 25.24 and a beta of 1.02.

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.