Agilis Partners LLC recently reported an increase in its holdings of Schwab US Broad Market ETF (SCHB). The company raised its holdings by 6.6% during the fourth quarter, bringing its total shares to 903,629. This move made Schwab US Broad Market ETF the 5th largest position in Agilis Partners LLC’s investment portfolio, accounting for about 11.5% of the total. The value of the shares was reported to be $50,305,000 at the end of the quarter.
In addition to Agilis Partners LLC, several other institutional investors have also made changes to their stakes in SCHB. Hengehold Capital Management LLC, Bouchey Financial Group Ltd, Evergreen Advisors LLC, Callan Capital LLC, and FFT Wealth Management LLC all increased their holdings in Schwab US Broad Market ETF during the fourth quarter. These changes in holdings indicate a positive outlook on the performance of the ETF.
Schwab US Broad Market ETF (SCHB) opened at $62.64 on Friday with a market capitalization of $28.80 billion. The ETF has a price-to-earnings ratio of 25.24 and a beta of 1.02. Its fifty-day moving average price is $60.42, while the two-hundred day moving average price is $58.37. The ETF has shown a fifty-two week low of $47.46 and a high of $62.99.
The Schwab U.S. Broad Market ETF seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. This index is float-adjusted and market capitalization weighted, reflecting the shares of securities available to investors. The Fund’s index comprises 2,500 publicly traded U.S. companies for which pricing information is accessible.
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