SteelPeak Wealth LLC Has $1.97 Million Stake in Schwab US Broad Market ETF $SCHB

SteelPeak Wealth LLC grew its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 187.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 74,909 shares of the company’s stock after buying an additional 48,893 shares during the period. SteelPeak Wealth LLC’s holdings in Schwab US Broad Market ETF were worth $1,965,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SCHB. Boyum Wealth Architects LLC raised its stake in shares of Schwab US Broad Market ETF by 10.3% in the third quarter. Boyum Wealth Architects LLC now owns 1,225,521 shares of the company’s stock valued at $31,508,000 after purchasing an additional 114,806 shares in the last quarter. Donaldson Capital Management LLC boosted its stake in Schwab US Broad Market ETF by 14.3% during the fourth quarter. Donaldson Capital Management LLC now owns 192,702 shares of the company’s stock worth $5,055,000 after buying an additional 24,114 shares in the last quarter. Cambridge Financial Group LLC increased its holdings in Schwab US Broad Market ETF by 43.8% in the 2nd quarter. Cambridge Financial Group LLC now owns 189,882 shares of the company’s stock valued at $4,525,000 after buying an additional 57,856 shares during the period. Weaver Capital Management LLC bought a new stake in Schwab US Broad Market ETF in the 3rd quarter valued at $35,322,000. Finally, CW Advisors LLC raised its stake in shares of Schwab US Broad Market ETF by 146.4% in the 2nd quarter. CW Advisors LLC now owns 55,364 shares of the company’s stock valued at $1,319,000 after buying an additional 32,897 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $25.33 on Friday. The company has a 50-day moving average of $26.07 and a 200-day moving average of $26.09. The company has a market capitalization of $37.25 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 52 week low of $18.52 and a 52 week high of $26.94.

About Schwab US Broad Market ETF

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.