Raymond James Financial Inc. Makes New $21.62 Million Investment in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Raymond James Financial Inc. bought a new stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 952,374 shares of the company’s stock, valued at approximately $21,619,000.

Other large investors have also recently bought and sold shares of the company. Hengehold Capital Management LLC grew its holdings in Schwab US Broad Market ETF by 192.6% during the 4th quarter. Hengehold Capital Management LLC now owns 8,942,406 shares of the company’s stock worth $202,993,000 after acquiring an additional 5,886,366 shares during the last quarter. Strid Group LLC raised its position in shares of Schwab US Broad Market ETF by 197.8% in the 4th quarter. Strid Group LLC now owns 8,530,226 shares of the company’s stock valued at $193,636,000 after acquiring an additional 5,666,068 shares during the period. Bouchey Financial Group Ltd raised its position in shares of Schwab US Broad Market ETF by 213.4% in the 4th quarter. Bouchey Financial Group Ltd now owns 8,165,768 shares of the company’s stock valued at $185,363,000 after acquiring an additional 5,560,636 shares during the period. HB Wealth Management LLC raised its position in shares of Schwab US Broad Market ETF by 192.5% in the 4th quarter. HB Wealth Management LLC now owns 6,505,668 shares of the company’s stock valued at $147,681,000 after acquiring an additional 4,281,591 shares during the period. Finally, Evergreen Advisors LLC raised its position in shares of Schwab US Broad Market ETF by 188.6% in the 4th quarter. Evergreen Advisors LLC now owns 6,366,873 shares of the company’s stock valued at $144,528,000 after acquiring an additional 4,160,555 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $21.69 on Monday. The company has a market capitalization of $31.02 billion, a price-to-earnings ratio of 23.90 and a beta of 1.05. The firm’s 50 day simple moving average is $22.97 and its 200 day simple moving average is $22.70. Schwab US Broad Market ETF has a fifty-two week low of $19.14 and a fifty-two week high of $23.77.

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.