Midwest Capital Advisors LLC Invests $1.83 Million in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Midwest Capital Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 80,536 shares of the company’s stock, valued at approximately $1,828,000. Schwab US Broad Market ETF accounts for 1.3% of Midwest Capital Advisors LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds have also modified their holdings of the business. Equita Financial Network Inc. boosted its holdings in Schwab US Broad Market ETF by 0.5% during the 3rd quarter. Equita Financial Network Inc. now owns 93,643 shares of the company’s stock valued at $6,229,000 after acquiring an additional 451 shares during the period. Cornerstone Planning Group LLC boosted its holdings in Schwab US Broad Market ETF by 4.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 10,600 shares of the company’s stock valued at $247,000 after acquiring an additional 462 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in Schwab US Broad Market ETF by 3.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,290 shares of the company’s stock valued at $884,000 after acquiring an additional 470 shares during the period. Private Advisor Group LLC boosted its holdings in Schwab US Broad Market ETF by 0.7% during the 3rd quarter. Private Advisor Group LLC now owns 71,877 shares of the company’s stock valued at $4,781,000 after acquiring an additional 483 shares during the period. Finally, Walter & Keenan Wealth Management LLC IN ADV boosted its holdings in Schwab US Broad Market ETF by 0.6% during the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 92,093 shares of the company’s stock valued at $6,126,000 after acquiring an additional 559 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of Schwab US Broad Market ETF stock opened at $23.18 on Monday. The business has a 50-day moving average of $23.20 and a 200 day moving average of $22.60. Schwab US Broad Market ETF has a 12 month low of $19.14 and a 12 month high of $23.77. The stock has a market capitalization of $33.15 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04.

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.