Accredited Wealth Management LLC Acquires 253,311 Shares of Schwab US Broad Market ETF $SCHB

Accredited Wealth Management LLC raised its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1,614.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 269,003 shares of the company’s stock after purchasing an additional 253,311 shares during the quarter. Schwab US Broad Market ETF comprises about 5.7% of Accredited Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Accredited Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $6,916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHB. ARS Wealth Advisors Group LLC boosted its position in Schwab US Broad Market ETF by 4.3% during the third quarter. ARS Wealth Advisors Group LLC now owns 9,779 shares of the company’s stock worth $251,000 after acquiring an additional 405 shares during the last quarter. Blue Trust Inc. lifted its stake in Schwab US Broad Market ETF by 1.9% in the 3rd quarter. Blue Trust Inc. now owns 22,375 shares of the company’s stock worth $575,000 after purchasing an additional 414 shares in the last quarter. Summit Place Financial Advisors LLC lifted its stake in Schwab US Broad Market ETF by 1.1% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 40,789 shares of the company’s stock worth $1,049,000 after purchasing an additional 425 shares in the last quarter. Triangle Securities Wealth Management boosted its holdings in shares of Schwab US Broad Market ETF by 0.4% during the 3rd quarter. Triangle Securities Wealth Management now owns 117,174 shares of the company’s stock worth $3,013,000 after purchasing an additional 431 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. grew its position in shares of Schwab US Broad Market ETF by 2.8% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 16,461 shares of the company’s stock valued at $392,000 after purchasing an additional 454 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $26.49 on Friday. Schwab US Broad Market ETF has a one year low of $18.52 and a one year high of $26.94. The stock has a market cap of $38.60 billion, a PE ratio of 25.08 and a beta of 1.02. The stock has a 50 day moving average price of $26.57 and a 200 day moving average price of $25.98.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.