Ares Financial Consulting LLC Makes New Investment in Schwab US Broad Market ETF $SCHB

Ares Financial Consulting LLC acquired a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 155,951 shares of the company’s stock, valued at approximately $4,091,000. Schwab US Broad Market ETF makes up 3.8% of Ares Financial Consulting LLC’s holdings, making the stock its 5th biggest holding.

Other institutional investors have also modified their holdings of the company. Financial Life Planners acquired a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $27,000. Wiser Advisor Group LLC acquired a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $29,000. First Pacific Financial acquired a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $51,000. LGT Financial Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $52,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at about $64,000.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock opened at $27.61 on Tuesday. The firm has a market cap of $40.76 billion, a PE ratio of 25.08 and a beta of 1.02. The firm’s 50-day simple moving average is $26.14 and its 200-day simple moving average is $26.22. Schwab US Broad Market ETF has a 1 year low of $20.85 and a 1 year high of $27.63.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.