Evergreen Advisors LLC Takes $161.77 Million Position in Schwab US Broad Market ETF $SCHB

Evergreen Advisors LLC acquired a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,167,435 shares of the company’s stock, valued at approximately $161,772,000. Schwab US Broad Market ETF accounts for 39.5% of Evergreen Advisors LLC’s investment portfolio, making the stock its biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHB. Caprock Group LLC acquired a new position in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $54,987,000. Boulder Wealth Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $40,435,000. CWM LLC lifted its stake in shares of Schwab US Broad Market ETF by 304.7% in the 4th quarter. CWM LLC now owns 1,648,774 shares of the company’s stock valued at $43,247,000 after purchasing an additional 1,241,374 shares during the period. Modern Wealth Management LLC lifted its stake in shares of Schwab US Broad Market ETF by 422.7% in the 3rd quarter. Modern Wealth Management LLC now owns 1,518,936 shares of the company’s stock valued at $39,052,000 after purchasing an additional 1,228,327 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of Schwab US Broad Market ETF by 942.2% in the 2nd quarter. Quantinno Capital Management LP now owns 1,234,589 shares of the company’s stock valued at $29,420,000 after purchasing an additional 1,116,125 shares during the period.

Schwab US Broad Market ETF Stock Performance

SCHB stock opened at $28.42 on Monday. The stock’s 50 day simple moving average is $26.55 and its 200 day simple moving average is $26.42. Schwab US Broad Market ETF has a fifty-two week low of $22.16 and a fifty-two week high of $28.85. The company has a market cap of $42.02 billion, a P/E 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.