Fonville Wealth Management LLC Invests $1.28 Million in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Fonville Wealth Management LLC purchased a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 22,912 shares of the company’s stock, valued at approximately $1,276,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHB. Natixis Advisors L.P. bought a new position in shares of Schwab US Broad Market ETF in the 3rd quarter valued at approximately $666,000. Morningstar Investment Services LLC raised its stake in shares of Schwab US Broad Market ETF by 6.9% in the 3rd quarter. Morningstar Investment Services LLC now owns 664,824 shares of the company’s stock valued at $33,215,000 after acquiring an additional 43,035 shares in the last quarter. Citigroup Inc. raised its stake in shares of Schwab US Broad Market ETF by 9.9% in the 3rd quarter. Citigroup Inc. now owns 3,062 shares of the company’s stock valued at $153,000 after acquiring an additional 275 shares in the last quarter. WBH Advisory Inc. raised its stake in shares of Schwab US Broad Market ETF by 2.7% in the 4th quarter. WBH Advisory Inc. now owns 556,907 shares of the company’s stock valued at $31,003,000 after acquiring an additional 14,679 shares in the last quarter. Finally, Bouchey Financial Group Ltd raised its stake in shares of Schwab US Broad Market ETF by 11.0% in the 4th quarter. Bouchey Financial Group Ltd now owns 2,393,274 shares of the company’s stock valued at $133,234,000 after acquiring an additional 237,905 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock traded down $0.14 during trading on Thursday, reaching $58.03. The company had a trading volume of 1,036,339 shares, compared to its average volume of 868,615. The firm’s 50 day simple moving average is $59.56 and its two-hundred day simple moving average is $55.40. Schwab US Broad Market ETF has a one year low of $46.92 and a one year high of $61.18. The company has a market capitalization of $26.62 billion, a PE ratio of 24.49 and a beta of 1.03.

About Schwab US Broad Market ETF

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.