IFP Advisors Inc Increases Stock Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

IFP Advisors Inc increased its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.3% in the first quarter, HoldingsChannel.com reports. The fund owned 506,186 shares of the company’s stock after acquiring an additional 25,637 shares during the period. IFP Advisors Inc’s holdings in Schwab US Broad Market ETF were worth $10,898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHB. Tucker Asset Management LLC raised its holdings in Schwab US Broad Market ETF by 233.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after purchasing an additional 765 shares in the last quarter. Studio Investment Management LLC raised its holdings in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after purchasing an additional 728 shares in the last quarter. Johnson Financial Group Inc. raised its holdings in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Johnson Financial Group Inc. now owns 1,191 shares of the company’s stock worth $28,000 after purchasing an additional 794 shares in the last quarter. Millstone Evans Group LLC bought a new position in Schwab US Broad Market ETF in the fourth quarter worth $30,000. Finally, Vermillion Wealth Management Inc. bought a new position in Schwab US Broad Market ETF in the fourth quarter worth $31,000.

Schwab US Broad Market ETF Trading Down 0.1%

SCHB opened at $24.23 on Friday. The stock has a fifty day simple moving average of $23.28 and a two-hundred day simple moving average of $22.52. The company has a market cap of $34.94 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 12-month low of $18.53 and a 12-month high of $24.32.

Schwab US Broad Market ETF 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.