Schwab US Broad Market ETF $SCHB Shares Purchased by IMA Advisory Services Inc.

IMA Advisory Services Inc. lifted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 872,697 shares of the company’s stock after purchasing an additional 41,745 shares during the period. Schwab US Broad Market ETF makes up about 2.2% of IMA Advisory Services Inc.’s investment portfolio, making the stock its 12th biggest position. IMA Advisory Services Inc.’s holdings in Schwab US Broad Market ETF were worth $22,891,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SCHB. Evergreen Advisors LLC purchased a new position in Schwab US Broad Market ETF in the fourth quarter worth approximately $161,772,000. Caprock Group LLC purchased a new position in Schwab US Broad Market ETF in the third quarter worth approximately $54,987,000. Boulder Wealth Advisors LLC purchased a new position in Schwab US Broad Market ETF in the third quarter worth approximately $40,435,000. CWM LLC grew its position in Schwab US Broad Market ETF by 304.7% in the fourth quarter. CWM LLC now owns 1,648,774 shares of the company’s stock worth $43,247,000 after acquiring an additional 1,241,374 shares during the period. Finally, Modern Wealth Management LLC grew its position in Schwab US Broad Market ETF by 422.7% in the third quarter. Modern Wealth Management LLC now owns 1,518,936 shares of the company’s stock worth $39,052,000 after acquiring an additional 1,228,327 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock opened at $28.45 on Monday. Schwab US Broad Market ETF has a fifty-two week low of $22.88 and a fifty-two week high of $29.35. The stock has a 50 day moving average of $27.50 and a 200 day moving average of $26.71. The firm has a market capitalization of $42.07 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.