Royal Bank of Canada Grows Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Royal Bank of Canada increased its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 212.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,435,811 shares of the company’s stock after buying an additional 1,657,282 shares during the period. Royal Bank of Canada’s holdings in Schwab US Broad Market ETF were worth $55,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHB. Regent Peak Wealth Advisors LLC increased its stake in Schwab US Broad Market ETF by 219.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 87,936 shares of the company’s stock worth $1,996,000 after buying an additional 60,398 shares during the period. Park Avenue Securities LLC increased its stake in Schwab US Broad Market ETF by 200.0% during the 4th quarter. Park Avenue Securities LLC now owns 36,424 shares of the company’s stock worth $827,000 after buying an additional 24,284 shares during the period. Arkadios Wealth Advisors increased its stake in Schwab US Broad Market ETF by 94.2% during the 4th quarter. Arkadios Wealth Advisors now owns 9,213 shares of the company’s stock worth $209,000 after buying an additional 4,468 shares during the period. Ameritas Advisory Services LLC increased its stake in Schwab US Broad Market ETF by 282.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 17,869 shares of the company’s stock worth $406,000 after buying an additional 13,193 shares during the period. Finally, Annex Advisory Services LLC increased its stake in Schwab US Broad Market ETF by 193.6% during the 4th quarter. Annex Advisory Services LLC now owns 28,607 shares of the company’s stock worth $649,000 after buying an additional 18,862 shares during the period.

Schwab US Broad Market ETF Price Performance

Schwab US Broad Market ETF stock opened at $22.87 on Wednesday. Schwab US Broad Market ETF has a 12-month low of $18.53 and a 12-month high of $23.77. The company has a market capitalization of $32.93 billion, a price-to-earnings ratio of 25.46 and a beta of 1.03. The firm’s fifty day moving average price is $21.31 and its 200 day moving average price is $22.46.

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.