Flatrock Wealth Partners LLC Invests $3.45 Million in Schwab US Broad Market ETF $SCHB

Flatrock Wealth Partners LLC acquired a new stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 137,288 shares of the company’s stock, valued at approximately $3,446,000. Schwab US Broad Market ETF accounts for about 1.6% of Flatrock Wealth Partners LLC’s holdings, making the stock its 15th largest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Evergreen Advisors LLC purchased a new stake in Schwab US Broad Market ETF in the 4th quarter worth approximately $161,772,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth $77,479,000. Boulder Wealth Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF during the third quarter worth $40,435,000. Appalachian Capital Management Ltd acquired a new stake in shares of Schwab US Broad Market ETF during the fourth quarter worth $40,815,000. Finally, Focus Partners Wealth grew its position in shares of Schwab US Broad Market ETF by 130.3% in the fourth quarter. Focus Partners Wealth now owns 2,626,053 shares of the company’s stock valued at $68,881,000 after purchasing an additional 1,485,838 shares during the period.

Schwab US Broad Market ETF Trading Down 0.5%

Schwab US Broad Market ETF stock opened at $28.94 on Wednesday. The stock has a fifty day moving average price of $28.61 and a 200 day moving average price of $27.13. Schwab US Broad Market ETF has a 52 week low of $23.83 and a 52 week high of $29.35. The firm has a market capitalization of $43.18 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.