Appalachian Capital Management Ltd increased its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 1.1% during the first quarter, Holdings Channel reports. The firm owned 1,573,653 shares of the company’s stock after purchasing an additional 17,611 shares during the period. Schwab US Broad Market ETF makes up 31.6% of Appalachian Capital Management Ltd’s portfolio, making the stock its largest holding. Appalachian Capital Management Ltd’s holdings in Schwab US Broad Market ETF were worth $39,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Donaldson Capital Management LLC boosted its stake in shares of Schwab US Broad Market ETF by 14.3% during the 4th quarter. Donaldson Capital Management LLC now owns 192,702 shares of the company’s stock worth $5,055,000 after acquiring an additional 24,114 shares in the last quarter. Sunburst Financial Group LLC lifted its holdings in shares of Schwab US Broad Market ETF by 1.9% during the fourth quarter. Sunburst Financial Group LLC now owns 2,126,176 shares of the company’s stock valued at $55,770,000 after purchasing an additional 39,321 shares during the last quarter. Farrow Financial Inc. lifted its holdings in shares of Schwab US Broad Market ETF by 47.1% during the fourth quarter. Farrow Financial Inc. now owns 83,285 shares of the company’s stock valued at $2,185,000 after purchasing an additional 26,673 shares during the last quarter. Dorato Capital Management acquired a new position in shares of Schwab US Broad Market ETF in the 4th quarter valued at $2,500,000. Finally, Sjbenen Advisory LLC acquired a new position in shares of Schwab US Broad Market ETF in the 4th quarter valued at $2,758,000.
Schwab US Broad Market ETF Stock Performance
NYSEARCA SCHB opened at $28.87 on Friday. The stock’s 50-day moving average price is $28.55 and its two-hundred day moving average price is $27.08. The company has a market cap of $43.03 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1 year low of $23.83 and a 1 year high of $29.35.
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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