Meritage Portfolio Management Purchases 62,338 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Meritage Portfolio Management raised its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 190.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,007 shares of the company’s stock after buying an additional 62,338 shares during the period. Meritage Portfolio Management’s holdings in Schwab US Broad Market ETF were worth $2,157,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Albion Financial Group UT lifted its stake in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Albion Financial Group UT now owns 1,260 shares of the company’s stock worth $29,000 after acquiring an additional 840 shares during the period. Global Financial Private Client LLC increased its position in shares of Schwab US Broad Market ETF by 200.0% during the fourth quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Schwab US Broad Market ETF by 200.0% in the fourth quarter. GAMMA Investing LLC now owns 1,446 shares of the company’s stock worth $33,000 after purchasing an additional 964 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in Schwab US Broad Market ETF by 128.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,521 shares of the company’s stock worth $35,000 after buying an additional 854 shares during the last quarter. Finally, Marquette Asset Management LLC lifted its position in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Marquette Asset Management LLC now owns 1,593 shares of the company’s stock valued at $36,000 after purchasing an additional 1,062 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA:SCHB opened at $23.48 on Thursday. The stock’s 50-day simple moving average is $23.20 and its two-hundred day simple moving average is $22.36. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 52-week low of $19.04 and a 52-week high of $23.73.

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.