Schwab US Broad Market ETF $SCHB Stock Position Lifted by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC boosted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 6.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 516,662 shares of the company’s stock after buying an additional 31,113 shares during the quarter. Schwab US Broad Market ETF makes up about 2.4% of Spinnaker Investment Group LLC’s holdings, making the stock its 9th biggest position. Spinnaker Investment Group LLC’s holdings in Schwab US Broad Market ETF were worth $14,963,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SCHB. Financial Life Planners purchased a new position in Schwab US Broad Market ETF in the first quarter valued at about $27,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Schwab US Broad Market ETF during the 4th quarter valued at about $28,000. Wiser Advisor Group LLC bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at approximately $29,000. Bayban acquired a new position in Schwab US Broad Market ETF in the fourth quarter worth approximately $33,000. Finally, LRI Investments LLC bought a new position in Schwab US Broad Market ETF during the fourth quarter valued at approximately $35,000.

Schwab US Broad Market ETF Stock Down 0.1%

NYSEARCA SCHB opened at $29.87 on Tuesday. The stock has a market capitalization of $44.81 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12-month low of $24.28 and a 12-month high of $30.01. The company has a 50 day moving average price of $28.90 and a two-hundred day moving average price of $27.55.

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.