Zhang Financial LLC Buys 7,844 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Zhang Financial LLC increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,865 shares of the company’s stock after buying an additional 7,844 shares during the quarter. Schwab US Broad Market ETF accounts for about 0.7% of Zhang Financial LLC’s investment portfolio, making the stock its 25th largest position. Zhang Financial LLC’s holdings in Schwab US Broad Market ETF were worth $8,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in Schwab US Broad Market ETF by 100.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 245 shares in the last quarter. Oxford Financial Group Ltd. increased its holdings in Schwab US Broad Market ETF by 100.0% during the 1st quarter. Oxford Financial Group Ltd. now owns 506 shares of the company’s stock valued at $27,000 after purchasing an additional 253 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Schwab US Broad Market ETF during the 1st quarter valued at $27,000. Lee Financial Co acquired a new stake in Schwab US Broad Market ETF during the 3rd quarter valued at $35,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in Schwab US Broad Market ETF by 55.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 621 shares of the company’s stock valued at $35,000 after purchasing an additional 221 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA SCHB traded down $0.38 during midday trading on Friday, hitting $57.67. The stock had a trading volume of 848,595 shares, compared to its average volume of 867,893. The company’s 50-day simple moving average is $59.56 and its 200 day simple moving average is $55.41. The firm has a market cap of $26.45 billion, a P/E ratio of 24.49 and a beta of 1.03. Schwab US Broad Market ETF has a fifty-two week low of $46.92 and a fifty-two week high of $61.18.

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.