46,656 Shares in Schwab US Broad Market ETF $SCHB Acquired by Westwood Wealth Management

Westwood Wealth Management purchased a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,656 shares of the company’s stock, valued at approximately $1,224,000.

Other hedge funds have also recently added to or reduced their stakes in the company. GeoWealth Management LLC increased its holdings in shares of Schwab US Broad Market ETF by 0.4% during the third quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock valued at $2,572,000 after acquiring an additional 388 shares in the last quarter. Occidental Asset Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 4.2% in the 4th quarter. Occidental Asset Management LLC now owns 9,880 shares of the company’s stock worth $259,000 after purchasing an additional 400 shares in the last quarter. ARS Wealth Advisors Group LLC lifted its holdings in shares of Schwab US Broad Market ETF by 4.3% in the 3rd quarter. ARS Wealth Advisors Group LLC now owns 9,779 shares of the company’s stock worth $251,000 after purchasing an additional 405 shares in the last quarter. Blue Trust Inc. grew its position in Schwab US Broad Market ETF by 1.9% in the 3rd quarter. Blue Trust Inc. now owns 22,375 shares of the company’s stock valued at $575,000 after purchasing an additional 414 shares during the period. Finally, Summit Place Financial Advisors LLC grew its position in Schwab US Broad Market ETF by 1.1% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 40,789 shares of the company’s stock valued at $1,049,000 after purchasing an additional 425 shares during the period.

Schwab US Broad Market ETF Trading Down 1.7%

SCHB opened at $24.93 on Friday. The company’s fifty day moving average price is $26.26 and its two-hundred day moving average price is $26.10. Schwab US Broad Market ETF has a 1-year low of $18.52 and a 1-year high of $26.94. The company has a market cap of $36.32 billion, a price-to-earnings ratio of 25.08 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.