Financial Designs Corp Buys 82,956 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Financial Designs Corp raised its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 188.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,068 shares of the company’s stock after acquiring an additional 82,956 shares during the quarter. Schwab US Broad Market ETF comprises 1.9% of Financial Designs Corp’s holdings, making the stock its 13th largest position. Financial Designs Corp’s holdings in Schwab US Broad Market ETF were worth $2,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SCHB. High Probability Advisors LLC lifted its holdings in Schwab US Broad Market ETF by 648.5% during the 4th quarter. High Probability Advisors LLC now owns 31,548 shares of the company’s stock worth $716,000 after purchasing an additional 27,333 shares during the last quarter. Spinnaker Investment Group LLC increased its position in Schwab US Broad Market ETF by 185.5% during the 4th quarter. Spinnaker Investment Group LLC now owns 575,733 shares of the company’s stock worth $13,069,000 after buying an additional 374,067 shares during the period. Red Door Wealth Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 199.4% during the fourth quarter. Red Door Wealth Management LLC now owns 243,805 shares of the company’s stock worth $5,534,000 after buying an additional 162,386 shares in the last quarter. Market Street Wealth Management Advisors LLC lifted its holdings in shares of Schwab US Broad Market ETF by 200.0% during the fourth quarter. Market Street Wealth Management Advisors LLC now owns 11,468 shares of the company’s stock worth $260,000 after buying an additional 7,645 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Schwab US Broad Market ETF by 195.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,025,285 shares of the company’s stock valued at $23,274,000 after acquiring an additional 677,956 shares during the period.

Schwab US Broad Market ETF Stock Performance

SCHB stock opened at $23.67 on Friday. Schwab US Broad Market ETF has a 52 week low of $18.75 and a 52 week high of $23.73. The company’s 50-day simple moving average is $23.13 and its 200 day simple moving average is $22.23. The company has a market capitalization of $10.88 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.