Whitener Capital Management Inc. Acquires 171,228 Shares of Schwab US Broad Market ETF $SCHB

Whitener Capital Management Inc. bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the third quarter, Holdings Channel reports. The fund bought 171,228 shares of the company’s stock, valued at approximately $5,019,000. Schwab US Broad Market ETF comprises about 0.9% of Whitener Capital Management Inc.’s holdings, making the stock its 25th largest position.

Other hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc increased its stake in Schwab US Broad Market ETF by 57.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 49,226 shares of the company’s stock worth $1,452,000 after purchasing an additional 17,875 shares in the last quarter. Community Financial Services Group LLC acquired a new stake in Schwab US Broad Market ETF during the 3rd quarter worth about $188,000. HBW Advisory Services LLC lifted its stake in Schwab US Broad Market ETF by 117.4% during the third quarter. HBW Advisory Services LLC now owns 33,768 shares of the company’s stock valued at $990,000 after buying an additional 18,235 shares in the last quarter. ZWJ Investment Counsel Inc. purchased a new stake in Schwab US Broad Market ETF during the third quarter valued at about $2,743,000. Finally, Mather Group LLC. purchased a new stake in Schwab US Broad Market ETF during the third quarter valued at about $2,903,000.

Schwab US Broad Market ETF Price Performance

Shares of SCHB opened at $29.63 on Friday. Schwab US Broad Market ETF has a one year low of $24.28 and a one year high of $30.15. The company has a 50-day moving average of $29.64 and a two-hundred day moving average of $28.71. The stock has a market cap of $44.95 billion, a price-to-earnings ratio of 25.08 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.