IFP Advisors Inc Purchases 30,216 Shares of Schwab US Broad Market ETF $SCHB

IFP Advisors Inc boosted its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 601,558 shares of the company’s stock after acquiring an additional 30,216 shares during the quarter. IFP Advisors Inc’s holdings in Schwab US Broad Market ETF were worth $17,421,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. NWK Group Inc. raised its holdings in Schwab US Broad Market ETF by 23.0% during the first quarter. NWK Group Inc. now owns 1,897 shares of the company’s stock worth $48,000 after buying an additional 355 shares during the last quarter. Greenleaf Trust grew its holdings in shares of Schwab US Broad Market ETF by 0.9% during the second quarter. Greenleaf Trust now owns 40,725 shares of the company’s stock valued at $1,179,000 after buying an additional 375 shares during the last quarter. NerdWallet Wealth Partners LLC grew its holdings in shares of Schwab US Broad Market ETF by 4.5% during the first quarter. NerdWallet Wealth Partners LLC now owns 9,017 shares of the company’s stock valued at $226,000 after buying an additional 385 shares during the last quarter. GeoWealth Management LLC increased its position in shares of Schwab US Broad Market ETF by 0.4% during the third quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock worth $2,572,000 after acquiring an additional 388 shares in the last quarter. Finally, Wealthgarden F.S. LLC increased its position in shares of Schwab US Broad Market ETF by 1.2% during the first quarter. Wealthgarden F.S. LLC now owns 34,107 shares of the company’s stock worth $856,000 after acquiring an additional 395 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB opened at $29.57 on Wednesday. Schwab US Broad Market ETF has a fifty-two week low of $24.28 and a fifty-two week high of $30.15. The firm has a market capitalization of $44.36 billion, a PE ratio of 25.08 and a beta of 1.02. The company’s 50-day moving average is $29.31 and its 200 day moving average is $28.01.

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.