Schwab US Broad Market ETF $SCHB Shares Acquired by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC boosted its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,073,612 shares of the company’s stock after purchasing an additional 54,271 shares during the period. Schwab US Broad Market ETF accounts for about 19.2% of Robinson Smith Wealth Advisors LLC’s portfolio, making the stock its biggest holding. Robinson Smith Wealth Advisors LLC owned about 0.07% of Schwab US Broad Market ETF worth $28,161,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHB. Evergreen Advisors LLC acquired a new position in Schwab US Broad Market ETF in the 4th quarter worth about $161,772,000. Caprock Group LLC acquired a new stake in shares of Schwab US Broad Market ETF in the third quarter valued at about $54,987,000. Boulder Wealth Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF in the third quarter valued at about $40,435,000. CWM LLC increased its stake in shares of Schwab US Broad Market ETF by 304.7% in the fourth quarter. CWM LLC now owns 1,648,774 shares of the company’s stock valued at $43,247,000 after buying an additional 1,241,374 shares during the period. Finally, Modern Wealth Management LLC increased its stake in shares of Schwab US Broad Market ETF by 422.7% in the third quarter. Modern Wealth Management LLC now owns 1,518,936 shares of the company’s stock valued at $39,052,000 after buying an additional 1,228,327 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock opened at $28.73 on Monday. The stock has a market cap of $42.48 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The stock has a 50-day moving average of $26.79 and a 200-day moving average of $26.50. Schwab US Broad Market ETF has a 1-year low of $22.16 and a 1-year high of $28.85.

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.