Valley Wealth Managers Inc. Boosts Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Valley Wealth Managers Inc. raised its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 45.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,262 shares of the company’s stock after acquiring an additional 707 shares during the period. Valley Wealth Managers Inc.’s holdings in Schwab US Broad Market ETF were worth $51,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SCHB. Hengehold Capital Management LLC grew its position in Schwab US Broad Market ETF by 192.6% during the fourth quarter. Hengehold Capital Management LLC now owns 8,942,406 shares of the company’s stock valued at $202,993,000 after acquiring an additional 5,886,366 shares during the period. Strid Group LLC grew its position in Schwab US Broad Market ETF by 197.8% during the fourth quarter. Strid Group LLC now owns 8,530,226 shares of the company’s stock valued at $193,636,000 after acquiring an additional 5,666,068 shares during the period. Strategic Financial Concepts LLC grew its position in Schwab US Broad Market ETF by 6,492.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,959,692 shares of the company’s stock valued at $112,585,000 after acquiring an additional 4,884,457 shares during the period. Empower Advisory Group LLC lifted its stake in shares of Schwab US Broad Market ETF by 2,357.8% during the fourth quarter. Empower Advisory Group LLC now owns 4,892,270 shares of the company’s stock worth $111,055,000 after purchasing an additional 4,693,222 shares in the last quarter. Finally, HB Wealth Management LLC lifted its stake in shares of Schwab US Broad Market ETF by 192.5% during the fourth quarter. HB Wealth Management LLC now owns 6,505,668 shares of the company’s stock worth $147,681,000 after purchasing an additional 4,281,591 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of SCHB opened at $23.71 on Wednesday. The stock’s 50-day moving average is $23.19 and its two-hundred day moving average is $22.51. The stock has a market cap of $10.90 billion, a PE ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $19.14 and a 12 month high of $23.73.

Schwab US Broad Market ETF 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.