Wealth Enhancement Advisory Services LLC Raises Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 8.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 564,543 shares of the company’s stock after buying an additional 43,025 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.12% of Schwab US Broad Market ETF worth $35,493,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new stake in shares of Schwab US Broad Market ETF during the second quarter valued at $29,000. GAMMA Investing LLC acquired a new position in Schwab US Broad Market ETF during the 2nd quarter valued at approximately $30,000. Bfsg LLC acquired a new position in Schwab US Broad Market ETF during the 4th quarter valued at approximately $41,000. Johnson Financial Group Inc. raised its stake in Schwab US Broad Market ETF by 76.3% during the 4th quarter. Johnson Financial Group Inc. now owns 737 shares of the company’s stock valued at $41,000 after acquiring an additional 319 shares in the last quarter. Finally, Evolution Advisers Inc. raised its stake in Schwab US Broad Market ETF by 33.8% during the 4th quarter. Evolution Advisers Inc. now owns 756 shares of the company’s stock valued at $42,000 after acquiring an additional 191 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock traded up $0.18 on Wednesday, reaching $62.92. 259,666 shares of the company’s stock traded hands, compared to its average volume of 795,947. Schwab US Broad Market ETF has a 12-month low of $47.46 and a 12-month high of $65.57. The company has a market capitalization of $28.92 billion, a P/E ratio of 25.24 and a beta of 1.02. The business’s 50 day moving average price is $63.02 and its two-hundred day moving average price is $60.81.

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.