Independent Solutions Wealth Management LLC Acquires 86,092 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Independent Solutions Wealth Management LLC raised its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 169.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 136,818 shares of the company’s stock after buying an additional 86,092 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $3,106,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SCHB. Promus Capital LLC bought a new stake in Schwab US Broad Market ETF in the fourth quarter valued at $25,000. Blume Capital Management Inc. lifted its position in shares of Schwab US Broad Market ETF by 200.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock worth $25,000 after purchasing an additional 741 shares during the period. Maryland Capital Advisors Inc. boosted its stake in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after purchasing an additional 774 shares in the last quarter. Wiser Advisor Group LLC increased its position in shares of Schwab US Broad Market ETF by 200.8% during the fourth quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 785 shares during the period. Finally, Beacon Capital Management LLC raised its stake in Schwab US Broad Market ETF by 200.2% in the fourth quarter. Beacon Capital Management LLC now owns 1,216 shares of the company’s stock worth $28,000 after buying an additional 811 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of SCHB opened at $21.82 on Friday. Schwab US Broad Market ETF has a one year low of $19.14 and a one year high of $23.77. The company has a 50-day simple moving average of $22.89 and a two-hundred day simple moving average of $22.69. The firm has a market capitalization of $31.20 billion, a PE ratio of 23.90 and a beta of 1.05.

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.