Salem Investment Counselors Inc. Increases Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Salem Investment Counselors Inc. boosted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 174.2% during the 4th quarter, Holdings Channel reports. The firm owned 111,133 shares of the company’s stock after acquiring an additional 70,597 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Schwab US Broad Market ETF were worth $2,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Winthrop Advisory Group LLC boosted its position in Schwab US Broad Market ETF by 270.0% in the fourth quarter. Winthrop Advisory Group LLC now owns 1,476,379 shares of the company’s stock valued at $33,514,000 after buying an additional 1,077,345 shares during the last quarter. Legacy Private Trust Co. lifted its stake in Schwab US Broad Market ETF by 210.0% during the 4th quarter. Legacy Private Trust Co. now owns 1,470,532 shares of the company’s stock valued at $33,381,000 after acquiring an additional 996,131 shares during the period. WT Wealth Management lifted its stake in Schwab US Broad Market ETF by 195.4% during the 3rd quarter. WT Wealth Management now owns 1,235,645 shares of the company’s stock valued at $82,195,000 after acquiring an additional 817,389 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its holdings in shares of Schwab US Broad Market ETF by 196.4% in the 3rd quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 868,604 shares of the company’s stock valued at $57,780,000 after acquiring an additional 575,590 shares during the last quarter. Finally, Capital Management Associates Inc acquired a new stake in shares of Schwab US Broad Market ETF in the third quarter worth $37,567,000.

Schwab US Broad Market ETF Price Performance

NYSEARCA SCHB opened at $22.54 on Tuesday. The company has a fifty day moving average of $23.12 and a 200 day moving average of $22.14. The company has a market capitalization of $10.36 billion, a PE ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 1 year low of $18.25 and a 1 year high of $23.73.

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.