Schwab US Broad Market ETF $SCHB is Manchester Financial Inc.’s Largest Position

Manchester Financial Inc. boosted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,530,639 shares of the company’s stock after acquiring an additional 30,695 shares during the quarter. Schwab US Broad Market ETF makes up about 17.6% of Manchester Financial Inc.’s portfolio, making the stock its biggest position. Manchester Financial Inc.’s holdings in Schwab US Broad Market ETF were worth $84,135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHB. Brighton Jones LLC raised its position in Schwab US Broad Market ETF by 1,209.6% in the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock worth $5,190,000 after purchasing an additional 211,168 shares during the period. Revolve Wealth Partners LLC raised its position in Schwab US Broad Market ETF by 197.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after purchasing an additional 14,279 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Schwab US Broad Market ETF by 9.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,095,500 shares of the company’s stock worth $45,116,000 after purchasing an additional 178,997 shares during the period. CENTRAL TRUST Co raised its position in Schwab US Broad Market ETF by 82.8% in the 1st quarter. CENTRAL TRUST Co now owns 4,990 shares of the company’s stock worth $107,000 after purchasing an additional 2,260 shares during the period. Finally, Blue Trust Inc. raised its position in Schwab US Broad Market ETF by 122.5% in the 1st quarter. Blue Trust Inc. now owns 21,926 shares of the company’s stock worth $472,000 after purchasing an additional 12,071 shares during the period.

Schwab US Broad Market ETF Price Performance

Schwab US Broad Market ETF stock opened at $25.63 on Friday. Schwab US Broad Market ETF has a 1-year low of $18.52 and a 1-year high of $26.01. The firm has a market capitalization of $37.25 billion, a P/E ratio of 25.08 and a beta of 1.03. The company’s 50-day moving average is $25.29 and its 200 day moving average is $23.57.

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.