Tortoise Investment Management LLC Purchases 110,216 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Tortoise Investment Management LLC grew its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 199.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 165,378 shares of the company’s stock after acquiring an additional 110,216 shares during the quarter. Tortoise Investment Management LLC’s holdings in Schwab US Broad Market ETF were worth $3,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Independent Advisor Alliance increased its stake in shares of Schwab US Broad Market ETF by 199.6% in the 4th quarter. Independent Advisor Alliance now owns 120,318 shares of the company’s stock worth $2,731,000 after purchasing an additional 80,164 shares in the last quarter. Johnson Investment Counsel Inc. increased its stake in shares of Schwab US Broad Market ETF by 198.5% in the 4th quarter. Johnson Investment Counsel Inc. now owns 345,891 shares of the company’s stock worth $7,852,000 after purchasing an additional 230,006 shares in the last quarter. Tiemann Investment Advisors LLC increased its stake in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. Tiemann Investment Advisors LLC now owns 18,667 shares of the company’s stock worth $424,000 after purchasing an additional 12,444 shares in the last quarter. EPIQ Capital Group LLC increased its stake in shares of Schwab US Broad Market ETF by 201.1% in the 4th quarter. EPIQ Capital Group LLC now owns 47,165 shares of the company’s stock worth $1,071,000 after purchasing an additional 31,499 shares in the last quarter. Finally, Voisard Asset Management Group Inc. increased its stake in shares of Schwab US Broad Market ETF by 122.9% in the 4th quarter. Voisard Asset Management Group Inc. now owns 31,338 shares of the company’s stock worth $711,000 after purchasing an additional 17,278 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

NYSEARCA:SCHB opened at $22.18 on Monday. The firm has a market capitalization of $31.72 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04. Schwab US Broad Market ETF has a one year low of $19.14 and a one year high of $23.77. The business has a fifty day moving average price of $23.10 and a 200-day moving average price of $22.71.

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.