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Schwab US Broad Market ETF (NYSEARCA:SCHB) Stake Raised by Benchmark Wealth Management LLC

Financial News Live ·  2023/05/02 10:42

Benchmark Wealth Management LLC increased its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB – Get Rating) by 27.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 46,135 shares of the company's stock after buying an additional 10,045 shares during the quarter. Schwab US Broad Market ETF accounts for 1.5% of Benchmark Wealth Management LLC's investment portfolio, making the stock its 13th biggest holding. Benchmark Wealth Management LLC's holdings in Schwab US Broad Market ETF were worth $2,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Perspectives Financial Planning LLC acquired a new position in Schwab US Broad Market ETF in the third quarter worth approximately $25,000. First Capital Advisors Group LLC. purchased a new position in Schwab US Broad Market ETF during the 3rd quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its position in Schwab US Broad Market ETF by 100.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 488 shares of the company's stock worth $26,000 after purchasing an additional 245 shares in the last quarter. Oxford Financial Group Ltd. grew its position in Schwab US Broad Market ETF by 100.0% during the 1st quarter. Oxford Financial Group Ltd. now owns 506 shares of the company's stock worth $27,000 after purchasing an additional 253 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new position in Schwab US Broad Market ETF during the 1st quarter worth approximately $27,000.

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Schwab US Broad Market ETF Price Performance

NYSEARCA SCHB traded down $0.49 on Tuesday, hitting $47.85. 135,480 shares of the stock were exchanged, compared to its average volume of 919,567. Schwab US Broad Market ETF has a 52-week low of $40.92 and a 52-week high of $50.85. The company has a market capitalization of $21.29 billion, a price-to-earnings ratio of 17.59 and a beta of 1.03. The company's 50-day moving average price is $47.12 and its two-hundred day moving average price is $46.47.

About Schwab US Broad Market ETF

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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.

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Want to see what other hedge funds are holding SCHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Broad Market ETF (NYSEARCA:SCHB – Get Rating).

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