Schwab US Broad Market ETF $SCHB Stock Acquired by Davis Capital Management

Davis Capital Management grew its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 877,543 shares of the company’s stock after buying an additional 27,053 shares during the period. Schwab US Broad Market ETF accounts for approximately 15.6% of Davis Capital Management’s holdings, making the stock its biggest position. Davis Capital Management’s holdings in Schwab US Broad Market ETF were worth $25,721,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hanson & Doremus Investment Management lifted its position in Schwab US Broad Market ETF by 0.5% during the 1st quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock valued at $176,733,000 after acquiring an additional 33,281 shares during the period. Evergreen Advisors LLC grew its stake in shares of Schwab US Broad Market ETF by 1.8% in the 1st quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock worth $157,632,000 after buying an additional 112,717 shares during the last quarter. HHM Wealth Advisors LLC increased its holdings in shares of Schwab US Broad Market ETF by 2.2% during the first quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock valued at $129,179,000 after acquiring an additional 108,943 shares in the last quarter. Mariner LLC increased its stake in Schwab US Broad Market ETF by 3.8% during the 4th quarter. Mariner LLC now owns 4,454,313 shares of the company’s stock valued at $116,847,000 after purchasing an additional 164,384 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Schwab US Broad Market ETF by 25.1% during the fourth quarter. Captrust Financial Advisors now owns 4,236,900 shares of the company’s stock valued at $111,134,000 after acquiring an additional 849,417 shares in the last quarter.

Schwab US Broad Market ETF Trading Down 0.4%

NYSEARCA:SCHB traded down $0.12 during mid-day trading on Thursday, reaching $29.73. The company’s stock had a trading volume of 14,704,490 shares, compared to its average volume of 9,127,207. The stock has a market cap of $45.06 billion, a P/E ratio of 25.08 and a beta of 1.02. The firm’s fifty day moving average price is $29.59 and its two-hundred day moving average price is $28.51. Schwab US Broad Market ETF has a 12-month low of $24.28 and a 12-month high of $30.15.

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.