Cypress Point Wealth Management LLC Raises Stock Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Cypress Point Wealth Management LLC boosted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 160.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 172,411 shares of the company’s stock after buying an additional 106,292 shares during the quarter. Schwab US Broad Market ETF makes up about 1.2% of Cypress Point Wealth Management LLC’s holdings, making the stock its 14th biggest holding. Cypress Point Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $3,914,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in shares of Schwab US Broad Market ETF by 201.0% during the fourth quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock valued at $318,000 after acquiring an additional 9,352 shares during the last quarter. Fulcrum Equity Management increased its holdings in Schwab US Broad Market ETF by 6.3% during the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock valued at $744,000 after purchasing an additional 668 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Schwab US Broad Market ETF during the 3rd quarter valued at approximately $703,000. Franklin Resources Inc. lifted its holdings in Schwab US Broad Market ETF by 952.4% in the 3rd quarter. Franklin Resources Inc. now owns 4,420 shares of the company’s stock worth $294,000 after buying an additional 4,000 shares during the period. Finally, Tudor Financial Inc. purchased a new stake in Schwab US Broad Market ETF in the 3rd quarter worth approximately $996,000.

Schwab US Broad Market ETF Stock Performance

SCHB opened at $23.60 on Friday. The stock has a market capitalization of $10.85 billion, a PE ratio of 25.24 and a beta of 1.02. The stock’s 50 day moving average price is $23.16 and its 200-day moving average price is $22.26. Schwab US Broad Market ETF has a 52-week low of $18.75 and a 52-week high of $23.73.

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.