Pineridge Advisors LLC Increases Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Pineridge Advisors LLC lifted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 207.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 148,344 shares of the company’s stock after buying an additional 100,110 shares during the quarter. Schwab US Broad Market ETF makes up 1.3% of Pineridge Advisors LLC’s holdings, making the stock its 12th largest holding. Pineridge Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $3,367,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of Schwab US Broad Market ETF in the second quarter worth about $620,000. Valeo Financial Advisors LLC lifted its holdings in Schwab US Broad Market ETF by 5.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 5,489 shares of the company’s stock worth $365,000 after purchasing an additional 292 shares in the last quarter. Carnegie Investment Counsel lifted its holdings in Schwab US Broad Market ETF by 1.5% in the 3rd quarter. Carnegie Investment Counsel now owns 13,392 shares of the company’s stock worth $891,000 after purchasing an additional 195 shares in the last quarter. Creative Planning boosted its stake in Schwab US Broad Market ETF by 0.7% in the 3rd quarter. Creative Planning now owns 684,684 shares of the company’s stock worth $45,545,000 after purchasing an additional 4,734 shares during the period. Finally, Peak Financial Management Inc. grew its holdings in Schwab US Broad Market ETF by 2.9% during the 3rd quarter. Peak Financial Management Inc. now owns 140,198 shares of the company’s stock valued at $9,326,000 after buying an additional 3,908 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA:SCHB opened at $23.47 on Tuesday. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. The firm has a fifty day moving average price of $23.20 and a 200 day moving average price of $22.40. Schwab US Broad Market ETF has a fifty-two week low of $19.04 and a fifty-two week high of $23.73.

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.