Schwab US Broad Market ETF $SCHB Shares Bought by Farrow Financial Inc.

Farrow Financial Inc. raised its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 27.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,388 shares of the company’s stock after buying an additional 23,103 shares during the quarter. Schwab US Broad Market ETF comprises about 1.5% of Farrow Financial Inc.’s portfolio, making the stock its 25th biggest holding. Farrow Financial Inc.’s holdings in Schwab US Broad Market ETF were worth $2,670,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SCHB. Financial Life Planners purchased a new stake in Schwab US Broad Market ETF during the 1st quarter valued at about $27,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $28,000. Wiser Advisor Group LLC purchased a new position in Schwab US Broad Market ETF during the third quarter worth approximately $29,000. Bayban purchased a new position in Schwab US Broad Market ETF during the fourth quarter worth approximately $33,000. Finally, LRI Investments LLC acquired a new position in Schwab US Broad Market ETF during the fourth quarter worth $35,000.

Schwab US Broad Market ETF Stock Up 0.3%

Shares of NYSEARCA:SCHB opened at $29.18 on Friday. Schwab US Broad Market ETF has a 52-week low of $23.83 and a 52-week high of $29.35. The business has a fifty day moving average of $28.70 and a two-hundred day moving average of $27.18. The stock has a market cap of $43.58 billion, a P/E ratio of 25.08 and a beta of 1.02.

Schwab US Broad Market ETF 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.