Meridian Wealth Partners LLC Purchases 1,110 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Meridian Wealth Partners LLC lifted its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,540 shares of the company’s stock after purchasing an additional 1,110 shares during the quarter. Schwab US Broad Market ETF accounts for 3.7% of Meridian Wealth Partners LLC’s portfolio, making the stock its 7th largest position. Meridian Wealth Partners LLC owned about 0.08% of Schwab US Broad Market ETF worth $19,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHB. HHM Wealth Advisors LLC grew its position in Schwab US Broad Market ETF by 1.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 1,540,291 shares of the company’s stock valued at $85,748,000 after acquiring an additional 15,200 shares during the period. Brio Consultants LLC boosted its position in shares of Schwab US Broad Market ETF by 21.2% in the 4th quarter. Brio Consultants LLC now owns 5,509 shares of the company’s stock worth $307,000 after purchasing an additional 965 shares during the last quarter. Valmark Advisers Inc. grew its position in shares of Schwab US Broad Market ETF by 2.8% during the 4th quarter. Valmark Advisers Inc. now owns 94,691 shares of the company’s stock worth $5,271,000 after buying an additional 2,579 shares during the period. Heritage Financial Services LLC bought a new stake in Schwab US Broad Market ETF in the fourth quarter valued at approximately $438,000. Finally, Chapman Investment Management LLC acquired a new stake in Schwab US Broad Market ETF during the 4th quarter worth approximately $218,000.

Schwab US Broad Market ETF Stock Performance

Schwab US Broad Market ETF stock traded up $0.51 during mid-day trading on Friday, reaching $59.11. The company’s stock had a trading volume of 534,844 shares, compared to its average volume of 863,003. Schwab US Broad Market ETF has a 12 month low of $46.92 and a 12 month high of $61.18. The business’s 50 day simple moving average is $59.59 and its 200 day simple moving average is $55.82. The company has a market capitalization of $27.16 billion, a price-to-earnings ratio of 24.20 and a beta of 1.03.

About Schwab US Broad Market ETF

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.