NewEdge Wealth LLC Makes New Investment in Schwab US Broad Market ETF (NYSEARCA:SCHB)

NewEdge Wealth LLC bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,540 shares of the company’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SCHB. Ironwood Wealth Management LLC. grew its position in Schwab US Broad Market ETF by 112.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 5,972 shares of the company’s stock worth $319,000 after purchasing an additional 3,165 shares during the last quarter. AMI Investment Management Inc. grew its position in Schwab US Broad Market ETF by 81.8% in the 1st quarter. AMI Investment Management Inc. now owns 67,978 shares of the company’s stock worth $3,629,000 after purchasing an additional 30,577 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Schwab US Broad Market ETF by 1,065.3% in the first quarter. JPMorgan Chase & Co. now owns 18,400 shares of the company’s stock valued at $983,000 after acquiring an additional 16,821 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Schwab US Broad Market ETF by 134.8% in the first quarter. Raymond James & Associates now owns 73,871 shares of the company’s stock valued at $3,944,000 after acquiring an additional 42,404 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Schwab US Broad Market ETF by 102.5% in the first quarter. Bank of New York Mellon Corp now owns 9,613 shares of the company’s stock valued at $513,000 after acquiring an additional 4,866 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Schwab US Broad Market ETF stock opened at $58.03 on Friday. The firm has a 50 day simple moving average of $59.56 and a 200-day simple moving average of $55.41. The stock has a market capitalization of $26.62 billion, a PE ratio of 24.49 and a beta of 1.03. Schwab US Broad Market ETF has a 12-month low of $46.92 and a 12-month high of $61.18.

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.