SpringVest Wealth Management LLC Increases Stock Position in Schwab US Broad Market ETF $SCHB

SpringVest Wealth Management LLC boosted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 30.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,552 shares of the company’s stock after purchasing an additional 11,193 shares during the quarter. Schwab US Broad Market ETF comprises approximately 0.9% of SpringVest Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. SpringVest Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $1,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHB. Brighton Jones LLC raised its stake in Schwab US Broad Market ETF by 1,209.6% in the fourth quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock valued at $5,190,000 after purchasing an additional 211,168 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Schwab US Broad Market ETF by 197.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock valued at $488,000 after acquiring an additional 14,279 shares during the last quarter. GAMMA Investing LLC grew its position in Schwab US Broad Market ETF by 2,053.0% during the first quarter. GAMMA Investing LLC now owns 31,132 shares of the company’s stock valued at $670,000 after acquiring an additional 29,686 shares during the last quarter. Park Avenue Securities LLC grew its position in Schwab US Broad Market ETF by 3.4% during the first quarter. Park Avenue Securities LLC now owns 37,673 shares of the company’s stock valued at $811,000 after acquiring an additional 1,249 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its position in Schwab US Broad Market ETF by 22.2% during the first quarter. Capital Investment Advisors LLC now owns 17,200 shares of the company’s stock valued at $370,000 after acquiring an additional 3,120 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA SCHB opened at $25.98 on Thursday. Schwab US Broad Market ETF has a one year low of $18.52 and a one year high of $25.99. The firm’s 50 day simple moving average is $25.12 and its two-hundred day simple moving average is $23.39. The stock has a market capitalization of $37.75 billion, a P/E ratio of 25.08 and a beta of 1.03.

Schwab US Broad Market ETF Company 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.