Rebalance LLC Buys 7,646,591 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Rebalance LLC lifted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 199.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,471,005 shares of the company’s stock after buying an additional 7,646,591 shares during the quarter. Schwab US Broad Market ETF makes up approximately 19.5% of Rebalance LLC’s portfolio, making the stock its biggest position. Rebalance LLC’s holdings in Schwab US Broad Market ETF were worth $260,392,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF during the 3rd quarter worth about $867,000. Rocky Mountain Advisers LLC lifted its stake in Schwab US Broad Market ETF by 1.1% during the third quarter. Rocky Mountain Advisers LLC now owns 125,782 shares of the company’s stock worth $8,367,000 after purchasing an additional 1,380 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in Schwab US Broad Market ETF by 33.0% in the third quarter. Axxcess Wealth Management LLC now owns 12,158 shares of the company’s stock valued at $809,000 after purchasing an additional 3,015 shares in the last quarter. Round Rock Advisors LLC purchased a new position in Schwab US Broad Market ETF in the third quarter valued at approximately $201,000. Finally, Meritage Portfolio Management raised its holdings in Schwab US Broad Market ETF by 41.4% during the third quarter. Meritage Portfolio Management now owns 32,669 shares of the company’s stock worth $2,173,000 after purchasing an additional 9,570 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

NYSEARCA SCHB opened at $22.18 on Monday. The firm’s fifty day moving average price is $23.10 and its 200 day moving average price is $22.71. Schwab US Broad Market ETF has a 12 month low of $19.14 and a 12 month high of $23.77. The company has a market capitalization of $31.72 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04.

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.