Skyline Advisors Inc. Acquires New Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Skyline Advisors Inc. acquired a new stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 33,480 shares of the company’s stock, valued at approximately $1,864,000. Schwab US Broad Market ETF comprises approximately 0.9% of Skyline Advisors Inc.’s investment portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHB. Creative Financial Designs Inc. ADV raised its position in shares of Schwab US Broad Market ETF by 55.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 621 shares of the company’s stock valued at $35,000 after purchasing an additional 221 shares during the period. BKM Wealth Management LLC bought a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $41,000. Johnson Financial Group Inc. lifted its holdings in shares of Schwab US Broad Market ETF by 76.3% during the fourth quarter. Johnson Financial Group Inc. now owns 737 shares of the company’s stock valued at $41,000 after acquiring an additional 319 shares during the period. Bfsg LLC bought a new position in shares of Schwab US Broad Market ETF during the fourth quarter valued at $41,000. Finally, Evolution Advisers Inc. lifted its holdings in shares of Schwab US Broad Market ETF by 33.8% during the fourth quarter. Evolution Advisers Inc. now owns 756 shares of the company’s stock valued at $42,000 after acquiring an additional 191 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB traded up $0.44 during midday trading on Monday, reaching $63.08. 582,124 shares of the company traded hands, compared to its average volume of 821,609. The firm has a market cap of $29.00 billion, a PE ratio of 25.24 and a beta of 1.02. The stock’s 50-day simple moving average is $60.47 and its 200-day simple moving average is $58.48. Schwab US Broad Market ETF has a 12 month low of $47.46 and a 12 month high of $63.26.

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.