Merit Financial Group LLC Buys 56,857 Shares of Schwab US Broad Market ETF $SCHB

Merit Financial Group LLC raised its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 52.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 165,921 shares of the company’s stock after buying an additional 56,857 shares during the quarter. Merit Financial Group LLC’s holdings in Schwab US Broad Market ETF were worth $3,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Schwab US Broad Market ETF by 9.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,095,500 shares of the company’s stock worth $45,116,000 after acquiring an additional 178,997 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Schwab US Broad Market ETF by 5.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 24,351 shares of the company’s stock valued at $524,000 after purchasing an additional 1,220 shares during the period. GAMMA Investing LLC grew its stake in shares of Schwab US Broad Market ETF by 2,053.0% during the 1st quarter. GAMMA Investing LLC now owns 31,132 shares of the company’s stock valued at $670,000 after purchasing an additional 29,686 shares during the period. Park Avenue Securities LLC increased its position in shares of Schwab US Broad Market ETF by 3.4% during the 1st quarter. Park Avenue Securities LLC now owns 37,673 shares of the company’s stock valued at $811,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Schwab US Broad Market ETF by 4.9% during the 1st quarter. Cetera Investment Advisers now owns 587,930 shares of the company’s stock valued at $12,658,000 after purchasing an additional 27,325 shares during the last quarter.

Schwab US Broad Market ETF Trading Up 0.3%

SCHB opened at $25.93 on Tuesday. The company’s 50 day moving average is $25.06 and its 200 day moving average is $23.35. The company has a market cap of $37.67 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 $18.52 and a 12-month high of $25.99.

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.