Schwab US Broad Market ETF (NYSEARCA:SCHB) Shares Bought by Novare Capital Management LLC

Novare Capital Management LLC raised its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 204.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 172,417 shares of the company’s stock after purchasing an additional 115,793 shares during the quarter. Novare Capital Management LLC’s holdings in Schwab US Broad Market ETF were worth $3,914,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SCHB. Strategic Investment Solutions Inc. IL purchased a new position in shares of Schwab US Broad Market ETF during the 2nd quarter worth $28,000. Joseph Group Capital Management acquired a new stake in Schwab US Broad Market ETF during the third quarter worth about $66,000. Northwest Investment Counselors LLC acquired a new stake in Schwab US Broad Market ETF during the third quarter worth about $69,000. Albion Financial Group UT raised its stake in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Albion Financial Group UT now owns 1,260 shares of the company’s stock worth $29,000 after purchasing an additional 840 shares during the period. Finally, Global Financial Private Client LLC boosted its holdings in Schwab US Broad Market ETF by 200.0% in the 4th quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

SCHB stock opened at $23.60 on Friday. Schwab US Broad Market ETF has a one year low of $18.75 and a one year high of $23.73. The firm has a market cap of $10.85 billion, a PE ratio of 25.24 and a beta of 1.02. The firm’s 50 day moving average price is $23.16 and its 200-day moving average price is $22.26.

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.