Twele Capital Management Inc. Boosts Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Twele Capital Management Inc. increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 194.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,033 shares of the company’s stock after buying an additional 19,187 shares during the quarter. Twele Capital Management Inc.’s holdings in Schwab US Broad Market ETF were worth $659,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in Schwab US Broad Market ETF by 201.0% during the 4th quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock worth $318,000 after acquiring an additional 9,352 shares during the period. Fulcrum Equity Management lifted its holdings in shares of Schwab US Broad Market ETF by 6.3% during the third quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock worth $744,000 after purchasing an additional 668 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Schwab US Broad Market ETF during the third quarter worth about $703,000. Franklin Resources Inc. boosted its position in Schwab US Broad Market ETF by 952.4% in the third quarter. Franklin Resources Inc. now owns 4,420 shares of the company’s stock valued at $294,000 after buying an additional 4,000 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new position in Schwab US Broad Market ETF in the 3rd quarter worth approximately $996,000.

Schwab US Broad Market ETF Trading Up 1.9 %

Shares of NYSEARCA SCHB opened at $23.02 on Thursday. The company has a 50 day simple moving average of $23.13 and a two-hundred day simple moving average of $22.16. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $18.25 and a 12 month high of $23.73.

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.