Axxcess Wealth Management LLC Boosts Holdings in Schwab US Broad Market ETF $SCHB

Axxcess Wealth Management LLC lifted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 175.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 526,377 shares of the company’s stock after acquiring an additional 335,604 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $13,807,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Financial Life Planners purchased a new position in Schwab US Broad Market ETF in the 3rd quarter valued at about $27,000. Wiser Advisor Group LLC purchased a new position in Schwab US Broad Market ETF in the 3rd quarter worth approximately $29,000. LRI Investments LLC purchased a new position in Schwab US Broad Market ETF in the 4th quarter worth approximately $35,000. International Assets Investment Management LLC purchased a new position in Schwab US Broad Market ETF in the 4th quarter worth approximately $52,000. Finally, LGT Financial Advisors LLC purchased a new position in Schwab US Broad Market ETF in the 3rd quarter worth approximately $52,000.

Schwab US Broad Market ETF Price Performance

SCHB opened at $28.73 on Friday. The company’s 50 day simple moving average is $26.79 and its two-hundred day simple moving average is $26.49. Schwab US Broad Market ETF has a 1-year low of $22.16 and a 1-year high of $28.85. The firm has a market capitalization of $42.48 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.