Sunburst Financial Group LLC Increases Stock Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Sunburst Financial Group LLC increased its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 251.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,939,840 shares of the company’s stock after purchasing an additional 1,388,416 shares during the period. Schwab US Broad Market ETF makes up about 10.9% of Sunburst Financial Group LLC’s portfolio, making the stock its 2nd biggest holding. Sunburst Financial Group LLC owned approximately 0.42% of Schwab US Broad Market ETF worth $44,034,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Life Planning Partners Inc bought a new position in Schwab US Broad Market ETF during the 4th quarter worth $263,000. Intelligence Driven Advisers LLC grew its stake in shares of Schwab US Broad Market ETF by 177.5% in the fourth quarter. Intelligence Driven Advisers LLC now owns 531,432 shares of the company’s stock valued at $12,064,000 after acquiring an additional 339,894 shares in the last quarter. Hudock Inc. increased its position in Schwab US Broad Market ETF by 200.3% during the fourth quarter. Hudock Inc. now owns 34,809 shares of the company’s stock worth $790,000 after acquiring an additional 23,217 shares during the period. Morris Financial Concepts Inc. raised its stake in Schwab US Broad Market ETF by 199.5% in the 4th quarter. Morris Financial Concepts Inc. now owns 19,830 shares of the company’s stock worth $450,000 after purchasing an additional 13,210 shares in the last quarter. Finally, Tranquility Partners LLC boosted its holdings in Schwab US Broad Market ETF by 200.0% in the 4th quarter. Tranquility Partners LLC now owns 14,685 shares of the company’s stock valued at $333,000 after purchasing an additional 9,790 shares during the period.

Schwab US Broad Market ETF Stock Up 1.1 %

Shares of NYSEARCA:SCHB opened at $23.64 on Friday. Schwab US Broad Market ETF has a 12-month low of $19.14 and a 12-month high of $23.73. The company’s 50 day moving average price is $23.19 and its two-hundred day moving average price is $22.45. The firm has a market cap of $10.87 billion, a PE ratio of 25.24 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.