Souders Financial Advisors Grows Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Souders Financial Advisors raised its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 151.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 227,906 shares of the company’s stock after purchasing an additional 137,276 shares during the period. Souders Financial Advisors’ holdings in Schwab US Broad Market ETF were worth $5,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. raised its position in Schwab US Broad Market ETF by 200.0% in the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after purchasing an additional 774 shares during the last quarter. Wiser Advisor Group LLC increased its stake in Schwab US Broad Market ETF by 200.8% in the fourth quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 785 shares during the period. Jackson Grant Investment Advisers Inc. raised its holdings in shares of Schwab US Broad Market ETF by 201.0% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,249 shares of the company’s stock valued at $28,000 after buying an additional 834 shares during the last quarter. Beacon Capital Management LLC boosted its stake in shares of Schwab US Broad Market ETF by 200.2% during the fourth quarter. Beacon Capital Management LLC now owns 1,216 shares of the company’s stock worth $28,000 after buying an additional 811 shares during the period. Finally, Albion Financial Group UT boosted its stake in shares of Schwab US Broad Market ETF by 200.0% during the fourth quarter. Albion Financial Group UT now owns 1,260 shares of the company’s stock worth $29,000 after buying an additional 840 shares during the period.

Schwab US Broad Market ETF Stock Down 1.3 %

Shares of SCHB stock opened at $22.24 on Wednesday. The stock’s 50-day moving average price is $23.16 and its 200 day moving average price is $22.69. The stock has a market capitalization of $31.80 billion, a PE ratio of 25.96 and a beta of 1.04. Schwab US Broad Market ETF has a 52-week low of $19.14 and a 52-week high of $23.77.

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.