PFG Advisors Purchases New Position in Schwab US Broad Market ETF $SCHB

PFG Advisors acquired a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 151,317 shares of the company’s stock, valued at approximately $3,890,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHB. First Pacific Financial acquired a new stake in shares of Schwab US Broad Market ETF in the third quarter valued at about $51,000. Addison Advisors LLC raised its holdings in shares of Schwab US Broad Market ETF by 319.1% during the 2nd quarter. Addison Advisors LLC now owns 2,364 shares of the company’s stock valued at $56,000 after buying an additional 1,800 shares during the period. GW&K Investment Management LLC acquired a new position in Schwab US Broad Market ETF during the 3rd quarter worth approximately $69,000. Twin Peaks Wealth Advisors LLC acquired a new position in Schwab US Broad Market ETF during the 2nd quarter worth approximately $77,000. Finally, Capital A Wealth Management LLC boosted its holdings in Schwab US Broad Market ETF by 2,021.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 3,968 shares of the company’s stock worth $95,000 after acquiring an additional 3,781 shares during the period.

Schwab US Broad Market ETF Stock Up 0.9%

Shares of NYSEARCA:SCHB opened at $26.15 on Tuesday. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $26.94. The company has a 50 day moving average of $26.54 and a two-hundred day moving average of $26.06. The company has a market capitalization of $38.10 billion, a price-to-earnings 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.