Chesapeake Wealth Management Boosts Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Chesapeake Wealth Management raised its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 201.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,141 shares of the company’s stock after buying an additional 138,532 shares during the quarter. Schwab US Broad Market ETF comprises about 1.6% of Chesapeake Wealth Management’s holdings, making the stock its 17th largest position. Chesapeake Wealth Management’s holdings in Schwab US Broad Market ETF were worth $4,702,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. HB Wealth Management LLC boosted its holdings in shares of Schwab US Broad Market ETF by 192.5% in the 4th quarter. HB Wealth Management LLC now owns 6,505,668 shares of the company’s stock worth $147,681,000 after purchasing an additional 4,281,591 shares in the last quarter. Rebalance LLC boosted its holdings in shares of Schwab US Broad Market ETF by 4.6% in the 3rd quarter. Rebalance LLC now owns 3,824,414 shares of the company’s stock worth $254,400,000 after purchasing an additional 167,787 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Schwab US Broad Market ETF by 192.7% in the 4th quarter. Ballentine Partners LLC now owns 3,122,833 shares of the company’s stock worth $70,888,000 after purchasing an additional 2,055,961 shares in the last quarter. Hengehold Capital Management LLC boosted its holdings in shares of Schwab US Broad Market ETF by 1.3% in the 3rd quarter. Hengehold Capital Management LLC now owns 3,056,040 shares of the company’s stock worth $203,288,000 after purchasing an additional 38,823 shares in the last quarter. Finally, Strid Group LLC boosted its holdings in shares of Schwab US Broad Market ETF by 4.0% in the 3rd quarter. Strid Group LLC now owns 2,864,158 shares of the company’s stock worth $190,524,000 after purchasing an additional 111,281 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $23.21 on Tuesday. The stock has a market capitalization of $10.67 billion, a PE ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 1-year low of $18.34 and a 1-year high of $23.73. The business has a 50-day moving average of $23.12 and a 200 day moving average of $22.21.

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.