Modern Wealth Management LLC Boosts Stock Position in Schwab US Broad Market ETF $SCHB

Modern Wealth Management LLC increased its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 422.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,518,936 shares of the company’s stock after acquiring an additional 1,228,327 shares during the quarter. Modern Wealth Management LLC owned about 0.10% of Schwab US Broad Market ETF worth $39,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Schwab US Broad Market ETF by 1,209.6% in the fourth quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock worth $5,190,000 after buying an additional 211,168 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Schwab US Broad Market ETF by 197.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after purchasing an additional 14,279 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Schwab US Broad Market ETF by 50.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,549,572 shares of the company’s stock valued at $33,362,000 after purchasing an additional 518,984 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in Schwab US Broad Market ETF during the second quarter valued at approximately $218,000. Finally, Bank of Montreal Can increased its holdings in shares of Schwab US Broad Market ETF by 13.6% in the 2nd quarter. Bank of Montreal Can now owns 107,050 shares of the company’s stock worth $2,551,000 after buying an additional 12,856 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA:SCHB opened at $25.91 on Friday. The firm has a fifty day moving average of $26.54 and a 200 day moving average of $26.03. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $26.94. The firm has a market capitalization of $37.75 billion, a PE ratio of 25.08 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.