Destination Wealth Management Acquires 151,217 Shares of Schwab US Broad Market ETF $SCHB

Destination Wealth Management lifted its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 60.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 402,252 shares of the company’s stock after purchasing an additional 151,217 shares during the period. Destination Wealth Management’s holdings in Schwab US Broad Market ETF were worth $10,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GeoWealth Management LLC lifted its stake in Schwab US Broad Market ETF by 0.4% in the third quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock worth $2,572,000 after acquiring an additional 388 shares during the period. Occidental Asset Management LLC lifted its stake in Schwab US Broad Market ETF by 4.2% in the fourth quarter. Occidental Asset Management LLC now owns 9,880 shares of the company’s stock worth $259,000 after acquiring an additional 400 shares during the period. Summit Place Financial Advisors LLC lifted its stake in Schwab US Broad Market ETF by 1.0% in the fourth quarter. Summit Place Financial Advisors LLC now owns 41,214 shares of the company’s stock worth $1,081,000 after acquiring an additional 425 shares during the period. Cherry Tree Wealth Management LLC lifted its stake in Schwab US Broad Market ETF by 0.4% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 116,680 shares of the company’s stock worth $3,061,000 after acquiring an additional 434 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in Schwab US Broad Market ETF by 9.1% in the fourth quarter. CENTRAL TRUST Co now owns 5,444 shares of the company’s stock worth $143,000 after acquiring an additional 454 shares during the period.

Schwab US Broad Market ETF Stock Up 0.5%

Shares of SCHB stock opened at $28.69 on Friday. The stock has a fifty day moving average of $27.86 and a 200 day moving average of $26.81. Schwab US Broad Market ETF has a 52 week low of $22.88 and a 52 week high of $29.35. The firm has a market capitalization of $42.42 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.