Wealth Care LLC Acquires Shares of 185,803 Schwab US Broad Market ETF $SCHB

Wealth Care LLC acquired a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the first quarter, HoldingsChannel.com reports. The fund acquired 185,803 shares of the company’s stock, valued at approximately $4,664,000. Schwab US Broad Market ETF comprises 4.1% of Wealth Care LLC’s portfolio, making the stock its 8th biggest position.

Several other hedge funds have also modified their holdings of SCHB. Kohmann Bosshard Financial Services LLC grew its position in shares of Schwab US Broad Market ETF by 6.7% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 14,197 shares of the company’s stock valued at $356,000 after acquiring an additional 895 shares during the period. Cross Staff Investments Inc raised its holdings in Schwab US Broad Market ETF by 0.8% in the 1st quarter. Cross Staff Investments Inc now owns 124,540 shares of the company’s stock worth $3,126,000 after purchasing an additional 1,004 shares during the period. Graver Capital Management LLC raised its holdings in Schwab US Broad Market ETF by 2.8% in the 1st quarter. Graver Capital Management LLC now owns 260,511 shares of the company’s stock worth $6,539,000 after purchasing an additional 7,102 shares during the period. Penney Financial LLC raised its holdings in Schwab US Broad Market ETF by 1.4% in the 1st quarter. Penney Financial LLC now owns 112,248 shares of the company’s stock worth $2,817,000 after purchasing an additional 1,500 shares during the period. Finally, Red Door Wealth Management LLC boosted its position in Schwab US Broad Market ETF by 3.3% during the first quarter. Red Door Wealth Management LLC now owns 296,510 shares of the company’s stock worth $7,442,000 after purchasing an additional 9,423 shares in the last quarter.

Schwab US Broad Market ETF Trading Up 0.8%

Shares of SCHB opened at $28.96 on Wednesday. Schwab US Broad Market ETF has a 12 month low of $23.73 and a 12 month high of $29.35. The stock’s 50 day moving average is $28.46 and its two-hundred day moving average is $27.03. The firm has a market cap of $42.82 billion, a P/E ratio of 25.08 and a beta of 1.02.

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.