Smith Salley Wealth Management Raises Stock Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Smith Salley Wealth Management grew its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 219.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 56,847 shares of the company’s stock after buying an additional 39,049 shares during the period. Smith Salley Wealth Management’s holdings in Schwab US Broad Market ETF were worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. HB Wealth Management LLC boosted its holdings in Schwab US Broad Market ETF by 192.5% in the 4th quarter. HB Wealth Management LLC now owns 6,505,668 shares of the company’s stock worth $147,681,000 after buying an additional 4,281,591 shares during the period. Rebalance LLC boosted its stake in shares of Schwab US Broad Market ETF by 4.6% in the third quarter. Rebalance LLC now owns 3,824,414 shares of the company’s stock worth $254,400,000 after acquiring an additional 167,787 shares during the period. Hengehold Capital Management LLC boosted its stake in shares of Schwab US Broad Market ETF by 1.3% in the third quarter. Hengehold Capital Management LLC now owns 3,056,040 shares of the company’s stock worth $203,288,000 after acquiring an additional 38,823 shares during the period. Strid Group LLC grew its position in shares of Schwab US Broad Market ETF by 4.0% during the third quarter. Strid Group LLC now owns 2,864,158 shares of the company’s stock worth $190,524,000 after purchasing an additional 111,281 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its stake in Schwab US Broad Market ETF by 195.7% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,752,318 shares of the company’s stock valued at $62,478,000 after purchasing an additional 1,821,631 shares during the period.

Schwab US Broad Market ETF Price Performance

SCHB stock opened at $23.21 on Friday. Schwab US Broad Market ETF has a 1-year low of $18.34 and a 1-year high of $23.73. The business has a 50 day simple moving average of $23.12 and a two-hundred day simple moving average of $22.18. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02.

Schwab US Broad Market ETF Company 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.