Schwab US Broad Market ETF (NYSEARCA:SCHB) Shares Acquired by Ridgewood Investments LLC

Ridgewood Investments LLC lifted its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 393.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,484 shares of the company’s stock after acquiring an additional 20,324 shares during the period. Ridgewood Investments LLC’s holdings in Schwab US Broad Market ETF were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHB. Bank of New York Mellon Corp lifted its position in Schwab US Broad Market ETF by 7.7% in the second quarter. Bank of New York Mellon Corp now owns 29,032 shares of the company’s stock worth $1,825,000 after purchasing an additional 2,085 shares during the period. Natixis Advisors LLC lifted its position in Schwab US Broad Market ETF by 55.3% in the second quarter. Natixis Advisors LLC now owns 15,730 shares of the company’s stock worth $989,000 after purchasing an additional 5,602 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Schwab US Broad Market ETF in the second quarter worth approximately $79,000. Johnson Investment Counsel Inc. lifted its position in Schwab US Broad Market ETF by 9.6% in the second quarter. Johnson Investment Counsel Inc. now owns 114,233 shares of the company’s stock worth $7,182,000 after purchasing an additional 10,031 shares during the period. Finally, Bell Investment Advisors Inc lifted its position in Schwab US Broad Market ETF by 2.5% in the second quarter. Bell Investment Advisors Inc now owns 19,248 shares of the company’s stock worth $1,210,000 after purchasing an additional 469 shares during the period.

Schwab US Broad Market ETF Stock Down 1.8 %

SCHB traded down $0.40 during trading on Friday, reaching $22.45. The stock had a trading volume of 2,941,078 shares, compared to its average volume of 3,766,168. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 1-year low of $18.25 and a 1-year high of $23.73. The stock has a 50 day moving average of $23.10 and a two-hundred day moving average of $22.10.

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.