Waverly Advisors LLC Grows Holdings in Schwab US Broad Market ETF $SCHB

by · The Cerbat Gem

Waverly Advisors LLC lifted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 15.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,529,934 shares of the company’s stock after buying an additional 468,702 shares during the quarter. Waverly Advisors LLC owned approximately 0.24% of Schwab US Broad Market ETF worth $102,227,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SCHB. Markowski Investments acquired a new position in Schwab US Broad Market ETF in the 2nd quarter valued at $31,000. Financial Life Planners purchased a new stake in shares of Schwab US Broad Market ETF in the first quarter valued at $27,000. Birchwood Financial Partners Inc. acquired a new position in Schwab US Broad Market ETF in the fourth quarter valued at $28,000. Wiser Advisor Group LLC acquired a new position in Schwab US Broad Market ETF in the third quarter valued at $29,000. Finally, Bayban purchased a new position in Schwab US Broad Market ETF during the fourth quarter worth about $33,000.

Schwab US Broad Market ETF Price Performance

NYSEARCA:SCHB traded down $0.16 during mid-day trading on Tuesday, reaching $29.57. The company’s stock had a trading volume of 5,479,141 shares, compared to its average volume of 9,041,058. The stock has a market cap of $44.36 billion, a P/E ratio of 25.08 and a beta of 1.02. The company’s fifty day simple moving average is $29.30 and its two-hundred day simple moving average is $27.99. Schwab US Broad Market ETF has a twelve month low of $24.28 and a twelve month high of $30.15.

About Schwab US Broad Market ETF

(Free Report)

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.

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