Truepoint Inc. Buys 783,461 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Truepoint Inc. grew its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 198.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,178,521 shares of the company’s stock after acquiring an additional 783,461 shares during the quarter. Schwab US Broad Market ETF accounts for about 0.7% of Truepoint Inc.’s portfolio, making the stock its 21st largest holding. Truepoint Inc.’s holdings in Schwab US Broad Market ETF were worth $26,752,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHB. Promus Capital LLC bought a new position in Schwab US Broad Market ETF during the fourth quarter worth $25,000. Blume Capital Management Inc. grew its holdings in Schwab US Broad Market ETF by 200.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock worth $25,000 after acquiring an additional 741 shares during the period. Maryland Capital Advisors Inc. raised its position in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock worth $26,000 after acquiring an additional 774 shares in the last quarter. Wiser Advisor Group LLC lifted its stake in shares of Schwab US Broad Market ETF by 200.8% in the 4th quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 785 shares during the period. Finally, Jackson Grant Investment Advisers Inc. boosted its position in shares of Schwab US Broad Market ETF by 201.0% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,249 shares of the company’s stock valued at $28,000 after purchasing an additional 834 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

NYSEARCA SCHB opened at $21.82 on Friday. The stock has a market capitalization of $31.20 billion, a P/E ratio of 23.90 and a beta of 1.05. The business has a 50 day simple moving average of $22.89 and a 200 day simple moving average of $22.69. Schwab US Broad Market ETF has a one year low of $19.14 and a one year high of $23.77.

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.