Naples Global Advisors LLC Grows Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Naples Global Advisors LLC lifted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 196.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,684 shares of the company’s stock after buying an additional 106,544 shares during the quarter. Naples Global Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $3,648,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SCHB. Creative Planning lifted its stake in shares of Schwab US Broad Market ETF by 0.7% in the 3rd quarter. Creative Planning now owns 684,684 shares of the company’s stock valued at $45,545,000 after purchasing an additional 4,734 shares during the period. PFG Advisors grew its position in shares of Schwab US Broad Market ETF by 0.8% during the 3rd quarter. PFG Advisors now owns 84,751 shares of the company’s stock valued at $5,638,000 after acquiring an additional 710 shares during the period. Jamison Private Wealth Management Inc. increased its stake in shares of Schwab US Broad Market ETF by 30.3% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 5,988 shares of the company’s stock valued at $398,000 after purchasing an additional 1,391 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Schwab US Broad Market ETF by 3.7% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 82,873 shares of the company’s stock worth $5,513,000 after purchasing an additional 2,937 shares during the period. Finally, Transform Wealth LLC raised its holdings in Schwab US Broad Market ETF by 5.1% in the 3rd quarter. Transform Wealth LLC now owns 227,681 shares of the company’s stock worth $15,145,000 after purchasing an additional 11,053 shares during the period.

Schwab US Broad Market ETF Trading Down 0.3 %

Shares of SCHB opened at $23.39 on Thursday. The firm has a market cap of $10.75 billion, a P/E ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $19.04 and a 12 month high of $23.73. The stock’s 50 day moving average is $23.20 and its two-hundred day moving average is $22.44.

Schwab US Broad Market ETF 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.