Tanglewood Wealth Management Inc. Buys 247,300 Shares of Schwab US Broad Market ETF $SCHB

Tanglewood Wealth Management Inc. raised its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 36.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 922,238 shares of the company’s stock after purchasing an additional 247,300 shares during the period. Schwab US Broad Market ETF accounts for about 2.2% of Tanglewood Wealth Management Inc.’s holdings, making the stock its 15th largest holding. Tanglewood Wealth Management Inc.’s holdings in Schwab US Broad Market ETF were worth $21,977,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jackson Wealth Management LLC bought a new position in Schwab US Broad Market ETF during the 2nd quarter valued at approximately $219,000. Abacus Planning Group Inc. raised its position in Schwab US Broad Market ETF by 118.8% during the 2nd quarter. Abacus Planning Group Inc. now owns 87,406 shares of the company’s stock valued at $2,083,000 after purchasing an additional 47,461 shares during the last quarter. Schaeffer Financial LLC raised its position in Schwab US Broad Market ETF by 1.9% during the 2nd quarter. Schaeffer Financial LLC now owns 858,887 shares of the company’s stock valued at $20,467,000 after purchasing an additional 16,314 shares during the last quarter. Pure Financial Advisors LLC raised its position in shares of Schwab US Broad Market ETF by 0.8% in the 2nd quarter. Pure Financial Advisors LLC now owns 76,072 shares of the company’s stock worth $1,813,000 after acquiring an additional 570 shares in the last quarter. Finally, TPG Advisors LLC raised its position in shares of Schwab US Broad Market ETF by 1.2% in the 2nd quarter. TPG Advisors LLC now owns 524,270 shares of the company’s stock worth $12,493,000 after acquiring an additional 5,988 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA:SCHB opened at $25.84 on Friday. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $25.99. The firm has a market capitalization of $37.54 billion, a P/E ratio of 25.08 and a beta of 1.03. The stock has a 50 day moving average price of $25.03 and a 200-day moving average price of $23.30.

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.