Allworth Financial LP raised its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 6.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,809,502 shares of the company’s stock after buying an additional 106,193 shares during the quarter. Allworth Financial LP’s holdings in Schwab US Broad Market ETF were worth $52,403,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Markowski Investments bought a new position in shares of Schwab US Broad Market ETF during the second quarter worth about $31,000. Financial Life Planners bought a new stake in Schwab US Broad Market ETF in the 1st quarter valued at about $27,000. Birchwood Financial Partners Inc. bought a new stake in Schwab US Broad Market ETF in the 4th quarter valued at about $28,000. Wiser Advisor Group LLC acquired a new position in Schwab US Broad Market ETF during the 3rd quarter valued at about $29,000. Finally, Bayban acquired a new position in Schwab US Broad Market ETF during the 4th quarter valued at about $33,000.
Schwab US Broad Market ETF Stock Down 0.5%
NYSEARCA SCHB traded down $0.16 on Tuesday, hitting $29.57. The stock had a trading volume of 5,479,141 shares, compared to its average volume of 9,041,058. The company’s 50-day moving average is $29.30 and its two-hundred day moving average is $27.99. Schwab US Broad Market ETF has a one year low of $24.28 and a one year high of $30.15. The stock has a market cap of $44.36 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.
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.
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Want to see what other hedge funds are holding SCHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report).
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