Parallel Advisors LLC Has $4.76 Million Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Parallel Advisors LLC grew its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 209,718 shares of the company’s stock after purchasing an additional 139,921 shares during the period. Parallel Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $4,761,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Oppenheimer & Co. Inc. bought a new position in shares of Schwab US Broad Market ETF in the third quarter valued at $291,000. Claro Advisors LLC bought a new position in shares of Schwab US Broad Market ETF in the third quarter valued at $201,000. MAI Capital Management grew its stake in shares of Schwab US Broad Market ETF by 1.8% in the third quarter. MAI Capital Management now owns 84,046 shares of the company’s stock valued at $5,591,000 after buying an additional 1,518 shares in the last quarter. Islay Capital Management LLC grew its stake in shares of Schwab US Broad Market ETF by 1.9% in the third quarter. Islay Capital Management LLC now owns 120,500 shares of the company’s stock valued at $8,016,000 after buying an additional 2,215 shares in the last quarter. Finally, Elm Partners Management LLC grew its stake in shares of Schwab US Broad Market ETF by 12.9% in the third quarter. Elm Partners Management LLC now owns 24,363 shares of the company’s stock valued at $1,621,000 after buying an additional 2,777 shares in the last quarter.

Schwab US Broad Market ETF Trading Up 0.7 %

NYSEARCA:SCHB opened at $21.85 on Tuesday. Schwab US Broad Market ETF has a 1-year low of $19.14 and a 1-year high of $23.77. The firm has a fifty day simple moving average of $22.95 and a 200 day simple moving average of $22.71. The stock has a market capitalization of $31.25 billion, a PE ratio of 23.90 and a beta of 1.05.

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.