Opes Wealth Management LLC Boosts Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Opes Wealth Management LLC boosted its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,100 shares of the company’s stock after acquiring an additional 3,167 shares during the period. Schwab US Broad Market ETF makes up approximately 2.4% of Opes Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. Opes Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $10,026,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ironwood Wealth Management LLC. raised its stake in shares of Schwab US Broad Market ETF by 112.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 5,972 shares of the company’s stock valued at $319,000 after purchasing an additional 3,165 shares during the period. AMI Investment Management Inc. raised its stake in shares of Schwab US Broad Market ETF by 81.8% in the 1st quarter. AMI Investment Management Inc. now owns 67,978 shares of the company’s stock valued at $3,629,000 after purchasing an additional 30,577 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Schwab US Broad Market ETF by 1,065.3% in the 1st quarter. JPMorgan Chase & Co. now owns 18,400 shares of the company’s stock valued at $983,000 after purchasing an additional 16,821 shares during the period. Raymond James & Associates raised its stake in shares of Schwab US Broad Market ETF by 134.8% in the 1st quarter. Raymond James & Associates now owns 73,871 shares of the company’s stock valued at $3,944,000 after purchasing an additional 42,404 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Schwab US Broad Market ETF by 102.5% in the 1st quarter. Bank of New York Mellon Corp now owns 9,613 shares of the company’s stock valued at $513,000 after purchasing an additional 4,866 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of SCHB traded down $0.14 during midday trading on Thursday, hitting $58.03. The stock had a trading volume of 1,036,339 shares, compared to its average volume of 868,615. The company has a 50 day simple moving average of $59.56 and a two-hundred day simple moving average of $55.40. Schwab US Broad Market ETF has a twelve month low of $46.92 and a twelve month high of $61.18. The firm has a market cap of $26.62 billion, a price-to-earnings ratio of 24.49 and a beta of 1.03.

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.