Mengis Capital Management Inc. Acquires 28,256 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Mengis Capital Management Inc. lifted its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 42,343 shares of the company’s stock after purchasing an additional 28,256 shares during the quarter. Mengis Capital Management Inc.’s holdings in Schwab US Broad Market ETF were worth $961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SCHB. Hengehold Capital Management LLC increased its holdings in shares of Schwab US Broad Market ETF by 192.6% in the fourth quarter. Hengehold Capital Management LLC now owns 8,942,406 shares of the company’s stock valued at $202,993,000 after purchasing an additional 5,886,366 shares during the last quarter. Strid Group LLC boosted its holdings in shares of Schwab US Broad Market ETF by 197.8% during the 4th quarter. Strid Group LLC now owns 8,530,226 shares of the company’s stock worth $193,636,000 after buying an additional 5,666,068 shares during the period. Strategic Financial Concepts LLC grew its stake in Schwab US Broad Market ETF by 6,492.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,959,692 shares of the company’s stock valued at $112,585,000 after buying an additional 4,884,457 shares during the last quarter. Empower Advisory Group LLC grew its stake in Schwab US Broad Market ETF by 2,357.8% in the 4th quarter. Empower Advisory Group LLC now owns 4,892,270 shares of the company’s stock valued at $111,055,000 after buying an additional 4,693,222 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in Schwab US Broad Market ETF by 192.5% during the 4th quarter. HB Wealth Management LLC now owns 6,505,668 shares of the company’s stock worth $147,681,000 after purchasing an additional 4,281,591 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock opened at $23.05 on Tuesday. The stock has a market cap of $32.96 billion, a PE ratio of 25.96 and a beta of 1.04. Schwab US Broad Market ETF has a 52-week low of $19.14 and a 52-week high of $23.77. The firm has a 50-day moving average of $23.20 and a 200-day moving average of $22.60.

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.