Pinion Investment Advisors LLC Acquires 10,499 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Pinion Investment Advisors LLC boosted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 214.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,385 shares of the company’s stock after buying an additional 10,499 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SCHB. Hengehold Capital Management LLC boosted its position in shares of Schwab US Broad Market ETF by 192.6% during the 4th quarter. Hengehold Capital Management LLC now owns 8,942,406 shares of the company’s stock valued at $202,993,000 after purchasing an additional 5,886,366 shares in the last quarter. Strid Group LLC boosted its holdings in shares of Schwab US Broad Market ETF by 197.8% during the 4th quarter. Strid Group LLC now owns 8,530,226 shares of the company’s stock worth $193,636,000 after buying an additional 5,666,068 shares in the last quarter. Bouchey Financial Group Ltd increased its stake in shares of Schwab US Broad Market ETF by 213.4% in the 4th quarter. Bouchey Financial Group Ltd now owns 8,165,768 shares of the company’s stock valued at $185,363,000 after acquiring an additional 5,560,636 shares in the last quarter. HB Wealth Management LLC raised its holdings 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 valued at $147,681,000 after purchasing an additional 4,281,591 shares during the period. Finally, Evergreen Advisors LLC increased its holdings in shares of Schwab US Broad Market ETF by 188.6% during the fourth quarter. Evergreen Advisors LLC now owns 6,366,873 shares of the company’s stock valued at $144,528,000 after acquiring an additional 4,160,555 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB opened at $22.53 on Tuesday. The company’s 50-day moving average is $23.18 and its 200 day moving average is $22.69. Schwab US Broad Market ETF has a fifty-two week low of $19.14 and a fifty-two week high of $23.77. The firm has a market capitalization of $32.22 billion, a PE ratio of 25.96 and a beta of 1.04.

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.