Schwab US Broad Market ETF (NYSEARCA:SCHB) is Davis Capital Management’s Largest Position

Davis Capital Management increased its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 203.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 689,530 shares of the company’s stock after acquiring an additional 461,984 shares during the period. Schwab US Broad Market ETF comprises approximately 12.8% of Davis Capital Management’s holdings, making the stock its largest position. Davis Capital Management owned approximately 0.15% of Schwab US Broad Market ETF worth $15,652,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in Schwab US Broad Market ETF by 201.0% during the 4th quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock valued at $318,000 after buying an additional 9,352 shares during the last quarter. Fulcrum Equity Management grew its position in shares of Schwab US Broad Market ETF by 6.3% during the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock valued at $744,000 after acquiring an additional 668 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter valued at $703,000. Franklin Resources Inc. grew its position in shares of Schwab US Broad Market ETF by 952.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,420 shares of the company’s stock valued at $294,000 after acquiring an additional 4,000 shares during the period. Finally, Tudor Financial Inc. bought a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter valued at $996,000.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $23.43 on Wednesday. Schwab US Broad Market ETF has a 1 year low of $18.75 and a 1 year high of $23.73. The firm has a fifty day moving average price of $23.12 and a 200-day moving average price of $22.21. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02.

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.