Lincoln Capital Corp bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 110,578 shares of the company’s stock, valued at approximately $3,241,000. Schwab US Broad Market ETF makes up about 1.1% of Lincoln Capital Corp’s holdings, making the stock its 29th largest holding.
Other hedge funds also recently modified their holdings of the company. Financial Life Planners bought a new position in shares of Schwab US Broad Market ETF in the first quarter worth about $27,000. Markowski Investments acquired a new stake in shares of Schwab US Broad Market ETF in the 2nd quarter valued at $31,000. Bayban acquired a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at $33,000. Sound Income Strategies LLC acquired a new stake in shares of Schwab US Broad Market ETF in the 1st quarter valued at $35,000. Finally, Compass Financial Management LLC bought a new stake in shares of Schwab US Broad Market ETF during the second quarter worth $38,000.
Schwab US Broad Market ETF Trading Down 0.1%
Shares of SCHB traded down $0.03 during trading hours on Tuesday, hitting $29.85. 7,514,141 shares of the stock traded hands, compared to its average volume of 9,100,331. The firm has a market capitalization of $45.25 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1-year low of $24.28 and a 1-year high of $30.15. The business has a fifty day moving average of $29.64 and a 200-day moving average of $28.61.
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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