Independent Advisor Alliance Purchases 137,914 Shares of Schwab US Broad Market ETF $SCHB

Independent Advisor Alliance grew its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 262.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,382 shares of the company’s stock after purchasing an additional 137,914 shares during the period. Independent Advisor Alliance’s holdings in Schwab US Broad Market ETF were worth $4,994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rebalance LLC lifted its position in shares of Schwab US Broad Market ETF by 3.3% during the fourth quarter. Rebalance LLC now owns 14,963,211 shares of the company’s stock worth $392,485,000 after acquiring an additional 483,144 shares in the last quarter. Bouchey Financial Group Ltd lifted its position in shares of Schwab US Broad Market ETF by 0.5% during the third quarter. Bouchey Financial Group Ltd now owns 8,318,386 shares of the company’s stock worth $213,866,000 after acquiring an additional 42,459 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Schwab US Broad Market ETF by 0.5% during the third quarter. HighTower Advisors LLC now owns 7,776,997 shares of the company’s stock worth $199,946,000 after acquiring an additional 38,658 shares in the last quarter. Hanson & Doremus Investment Management boosted its stake in Schwab US Broad Market ETF by 7.6% in the 4th quarter. Hanson & Doremus Investment Management now owns 7,007,872 shares of the company’s stock worth $183,816,000 after purchasing an additional 493,815 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC grew its holdings in Schwab US Broad Market ETF by 1.4% during the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 6,334,210 shares of the company’s stock valued at $162,853,000 after buying an additional 85,409 shares in the last quarter.

Schwab US Broad Market ETF Stock Up 0.5%

SCHB stock opened at $28.56 on Thursday. The firm has a market capitalization of $42.23 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a twelve month low of $22.16 and a twelve month high of $28.62. The stock has a 50-day simple moving average of $26.46 and a two-hundred day simple moving average of $26.39.

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