HORAN Wealth LLC Has $26.46 Million Position in Schwab US Broad Market ETF $SCHB

HORAN Wealth LLC grew its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 102.5% during the 1st quarter, Holdings Channel reports. The firm owned 1,051,472 shares of the company’s stock after buying an additional 532,274 shares during the period. Schwab US Broad Market ETF comprises about 2.5% of HORAN Wealth LLC’s investment portfolio, making the stock its 6th biggest position. HORAN Wealth LLC’s holdings in Schwab US Broad Market ETF were worth $26,459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Financial Life Planners acquired a new stake in shares of Schwab US Broad Market ETF in the 1st quarter valued at approximately $27,000. Birchwood Financial Partners Inc. acquired a new position in Schwab US Broad Market ETF during the fourth quarter worth $28,000. Wiser Advisor Group LLC acquired a new position in Schwab US Broad Market ETF during the third quarter worth $29,000. Bayban bought a new stake in Schwab US Broad Market ETF during the fourth quarter worth $33,000. Finally, LRI Investments LLC bought a new stake in Schwab US Broad Market ETF during the fourth quarter worth $35,000.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $28.68 on Tuesday. The stock has a market cap of $42.94 billion, a P/E ratio of 25.08 and a beta of 1.02. The company has a fifty day moving average price of $28.79 and a two-hundred day moving average price of $27.29. Schwab US Broad Market ETF has a one year low of $23.85 and a one year high of $29.35.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.