Schwab US Broad Market ETF $SCHB Stock: Diversify Advisory Services LLC Boosts Stake

Diversify Advisory Services LLC grew its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 32.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,885 shares of the company’s stock after acquiring an additional 18,055 shares during the period. Diversify Advisory Services LLC’s holdings in Schwab US Broad Market ETF were worth $2,189,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hengehold Capital Management LLC bought a new position in shares of Schwab US Broad Market ETF during the third quarter worth about $222,931,000. Hanson & Doremus Investment Management increased its holdings in Schwab US Broad Market ETF by 1.3% in the third quarter. Hanson & Doremus Investment Management now owns 7,130,203 shares of the company’s stock valued at $208,986,000 after buying an additional 94,860 shares during the last quarter. Forvis Mazars Wealth Advisors LLC bought a new stake in Schwab US Broad Market ETF in the third quarter valued at about $175,355,000. Evergreen Advisors LLC increased its holdings in Schwab US Broad Market ETF by 1.8% in the first quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock valued at $157,632,000 after buying an additional 112,717 shares during the last quarter. Finally, Waverly Advisors LLC raised its stake in Schwab US Broad Market ETF by 15.3% during the second quarter. Waverly Advisors LLC now owns 3,529,934 shares of the company’s stock valued at $102,227,000 after buying an additional 468,702 shares in the last quarter.

Schwab US Broad Market ETF Stock Down 0.5%

Shares of NYSEARCA SCHB opened at $29.19 on Friday. The stock’s 50 day moving average price is $29.57 and its two-hundred day moving average price is $28.86. Schwab US Broad Market ETF has a 52-week low of $24.28 and a 52-week high of $30.15. The stock has a market capitalization of $44.35 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.