Passive Capital Management LLC. Raises Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Passive Capital Management LLC. lifted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 197.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 539,226 shares of the company’s stock after purchasing an additional 357,694 shares during the quarter. Schwab US Broad Market ETF comprises 4.3% of Passive Capital Management LLC.’s portfolio, making the stock its 6th biggest holding. Passive Capital Management LLC.’s holdings in Schwab US Broad Market ETF were worth $12,240,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHB. Equita Financial Network Inc. raised its holdings in shares of Schwab US Broad Market ETF by 0.5% in the third quarter. Equita Financial Network Inc. now owns 93,643 shares of the company’s stock worth $6,229,000 after buying an additional 451 shares during the period. Cornerstone Planning Group LLC lifted its position in shares of Schwab US Broad Market ETF by 4.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 10,600 shares of the company’s stock worth $247,000 after purchasing an additional 462 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Schwab US Broad Market ETF by 3.7% during the third quarter. Citizens Financial Group Inc. RI now owns 13,290 shares of the company’s stock valued at $884,000 after purchasing an additional 470 shares during the period. Wilson & Boucher Capital Management LLC boosted its stake in shares of Schwab US Broad Market ETF by 0.6% during the third quarter. Wilson & Boucher Capital Management LLC now owns 94,094 shares of the company’s stock valued at $6,259,000 after purchasing an additional 575 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. grew its holdings in shares of Schwab US Broad Market ETF by 0.7% in the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 85,007 shares of the company’s stock worth $5,655,000 after purchasing an additional 580 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of SCHB opened at $22.58 on Friday. The firm has a market capitalization of $32.29 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04. Schwab US Broad Market ETF has a 1-year low of $19.14 and a 1-year high of $23.77. The company has a 50-day moving average of $23.19 and a 200 day moving average of $22.64.

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.