Schwab US Broad Market ETF (NYSEARCA:SCHB) is Summit Financial Strategies Inc.’s 2nd Largest Position

Summit Financial Strategies Inc. raised its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 192.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,053,079 shares of the company’s stock after purchasing an additional 2,665,067 shares during the period. Schwab US Broad Market ETF accounts for about 10.2% of Summit Financial Strategies Inc.’s portfolio, making the stock its 2nd biggest position. Summit Financial Strategies Inc. owned about 0.88% of Schwab US Broad Market ETF worth $92,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of SCHB. Versant Capital Management Inc raised its position in Schwab US Broad Market ETF by 201.0% in the 4th quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock worth $318,000 after purchasing an additional 9,352 shares during the period. Fulcrum Equity Management raised its holdings in shares of Schwab US Broad Market ETF by 6.3% in the third quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock worth $744,000 after buying an additional 668 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter worth approximately $703,000. Franklin Resources Inc. lifted its position in shares of Schwab US Broad Market ETF by 952.4% during the third quarter. Franklin Resources Inc. now owns 4,420 shares of the company’s stock worth $294,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Tudor Financial Inc. bought a new position in Schwab US Broad Market ETF in the 3rd quarter worth about $996,000.

Schwab US Broad Market ETF Price Performance

SCHB stock opened at $23.60 on Monday. The business has a 50-day moving average price of $23.16 and a 200 day moving average price of $22.27. Schwab US Broad Market ETF has a 1-year low of $18.75 and a 1-year high of $23.73. The company has a market capitalization of $10.85 billion, a P/E ratio of 25.24 and a beta of 1.02.

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.