Schwab US Broad Market ETF (NYSEARCA:SCHB) Stock Holdings Increased by Zhang Financial LLC

Zhang Financial LLC lifted its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 152,938 shares of the company’s stock after buying an additional 548 shares during the quarter. Schwab US Broad Market ETF makes up approximately 0.7% of Zhang Financial LLC’s investment portfolio, making the stock its 27th largest position. Zhang Financial LLC’s holdings in Schwab US Broad Market ETF were worth $9,615,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHB. TruNorth Capital Management LLC bought a new stake in shares of Schwab US Broad Market ETF in the 1st quarter worth $78,880,000. Morningstar Investment Services LLC raised its stake in shares of Schwab US Broad Market ETF by 114.4% in the 4th quarter. Morningstar Investment Services LLC now owns 1,425,586 shares of the company’s stock worth $79,705,000 after buying an additional 760,762 shares in the last quarter. Focus Financial Network Inc. ADV bought a new stake in shares of Schwab US Broad Market ETF in the 4th quarter worth $22,828,000. Goldman Sachs Group Inc. raised its stake in shares of Schwab US Broad Market ETF by 239.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 569,299 shares of the company’s stock worth $31,693,000 after buying an additional 401,485 shares in the last quarter. Finally, Breakwater Investment Management bought a new stake in shares of Schwab US Broad Market ETF in the 1st quarter worth $19,583,000.

Schwab US Broad Market ETF Price Performance

Shares of SCHB traded up $0.33 during midday trading on Monday, reaching $64.50. The stock had a trading volume of 450,904 shares, compared to its average volume of 794,361. Schwab US Broad Market ETF has a 52 week low of $47.46 and a 52 week high of $65.57. The firm’s 50 day moving average price is $63.13 and its 200-day moving average price is $60.95. The company has a market capitalization of $29.65 billion, a P/E ratio of 25.24 and a beta of 1.02.

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.