W.H. Cornerstone Investments Inc. Purchases New Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

W.H. Cornerstone Investments Inc. acquired a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 9,941 shares of the company’s stock, valued at approximately $553,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zhang Financial LLC increased its holdings in Schwab US Broad Market ETF by 5.4% in the 4th quarter. Zhang Financial LLC now owns 153,865 shares of the company’s stock worth $8,566,000 after acquiring an additional 7,844 shares during the last quarter. Natixis Advisors L.P. bought a new stake in shares of Schwab US Broad Market ETF in the third quarter valued at approximately $666,000. Morningstar Investment Services LLC raised its position in shares of Schwab US Broad Market ETF by 6.9% in the third quarter. Morningstar Investment Services LLC now owns 664,824 shares of the company’s stock valued at $33,215,000 after purchasing an additional 43,035 shares during the period. Citigroup Inc. lifted its stake in shares of Schwab US Broad Market ETF by 9.9% during the 3rd quarter. Citigroup Inc. now owns 3,062 shares of the company’s stock valued at $153,000 after buying an additional 275 shares in the last quarter. Finally, WBH Advisory Inc. boosted its holdings in 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 worth $31,003,000 after buying an additional 14,679 shares during the period.

Schwab US Broad Market ETF Stock Performance

SCHB stock traded up $0.69 during midday trading on Friday, reaching $59.54. 835,458 shares of the company’s stock traded hands, compared to its average volume of 860,636. Schwab US Broad Market ETF has a 52 week low of $46.92 and a 52 week high of $61.18. The firm has a market capitalization of $27.35 billion, a PE ratio of 24.20 and a beta of 1.03. The company has a 50-day moving average price of $59.63 and a two-hundred day moving average price of $56.16.

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.