Schwab US Broad Market ETF (NYSEARCA:SCHB) Stock Position Raised by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 243.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,327 shares of the company’s stock after purchasing an additional 1,650 shares during the period. First Horizon Advisors Inc.’s holdings in Schwab US Broad Market ETF were worth $53,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHB. J.W. Cole Advisors Inc. raised its stake in shares of Schwab US Broad Market ETF by 11.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 8,053 shares of the company’s stock worth $536,000 after purchasing an additional 852 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Schwab US Broad Market ETF by 5.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 34,196 shares of the company’s stock worth $2,275,000 after purchasing an additional 1,858 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter worth about $935,000. CacheTech Inc. raised its stake in shares of Schwab US Broad Market ETF by 6.2% during the 3rd quarter. CacheTech Inc. now owns 27,072 shares of the company’s stock worth $1,801,000 after purchasing an additional 1,576 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. raised its stake in shares of Schwab US Broad Market ETF by 1.0% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 72,301 shares of the company’s stock worth $4,809,000 after purchasing an additional 683 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock opened at $22.58 on Friday. The stock’s 50 day simple moving average is $23.19 and its 200 day simple moving average is $22.64. Schwab US Broad Market ETF has a twelve month low of $19.14 and a twelve month high of $23.77. The company has a market capitalization of $32.29 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04.

Schwab US Broad Market ETF 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.