Schwab US Broad Market ETF $SCHB Stock Position Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 16.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 126,339 shares of the company’s stock after acquiring an additional 17,974 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Schwab US Broad Market ETF were worth $3,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quantify Chaos Advisors LLC bought a new position in Schwab US Broad Market ETF in the 4th quarter valued at about $1,111,000. HighTower Advisors LLC grew its position in Schwab US Broad Market ETF by 11.0% in the 4th quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock valued at $226,412,000 after buying an additional 854,800 shares in the last quarter. Sherry Group Inc. bought a new position in Schwab US Broad Market ETF in the 4th quarter valued at about $208,000. CDM Financial Counseling Services Inc. bought a new position in Schwab US Broad Market ETF in the 4th quarter valued at about $375,000. Finally, Tucker Asset Management LLC lifted its holdings in Schwab US Broad Market ETF by 28.2% in the 4th quarter. Tucker Asset Management LLC now owns 8,205 shares of the company’s stock valued at $215,000 after acquiring an additional 1,803 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB opened at $28.73 on Tuesday. Schwab US Broad Market ETF has a twelve month low of $22.16 and a twelve month high of $28.85. The company has a market capitalization of $42.48 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The firm has a 50-day moving average of $26.85 and a two-hundred day moving average of $26.51.

Schwab US Broad Market ETF Company 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.