Schwab US Broad Market ETF (NYSEARCA:SCHB) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 952.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,420 shares of the company’s stock after purchasing an additional 4,000 shares during the quarter. Franklin Resources Inc.’s holdings in Schwab US Broad Market ETF were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SCHB. Strategic Financial Concepts LLC grew its stake in Schwab US Broad Market ETF by 6,212.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,696,336 shares of the company’s stock worth $291,000 after buying an additional 4,621,937 shares during the last quarter. Rebalance LLC increased its holdings in shares of Schwab US Broad Market ETF by 4.6% in the 3rd quarter. Rebalance LLC now owns 3,824,414 shares of the company’s stock valued at $254,400,000 after acquiring an additional 167,787 shares during the period. Hengehold Capital Management LLC raised its position in Schwab US Broad Market ETF by 1.3% in the 3rd quarter. Hengehold Capital Management LLC now owns 3,056,040 shares of the company’s stock valued at $203,288,000 after purchasing an additional 38,823 shares during the last quarter. Strid Group LLC raised its position in Schwab US Broad Market ETF by 4.0% in the 3rd quarter. Strid Group LLC now owns 2,864,158 shares of the company’s stock valued at $190,524,000 after purchasing an additional 111,281 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Schwab US Broad Market ETF by 7.8% during the 3rd quarter. HighTower Advisors LLC now owns 2,660,625 shares of the company’s stock worth $177,000,000 after purchasing an additional 191,480 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA:SCHB opened at $22.70 on Thursday. Schwab US Broad Market ETF has a one year low of $18.17 and a one year high of $23.73. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. The company has a 50-day simple moving average of $23.04 and a 200-day simple moving average of $22.03.

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.