Salem Investment Counselors Inc. increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 52.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,438 shares of the company’s stock after purchasing an additional 65,847 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Schwab US Broad Market ETF were worth $5,640,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Forvis Mazars Wealth Advisors LLC acquired a new position in Schwab US Broad Market ETF during the 3rd quarter worth approximately $175,355,000. First Heartland Consultants Inc. acquired a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at $823,000. Capital & Planning LLC acquired a new stake in shares of Schwab US Broad Market ETF in the 2nd quarter valued at $875,000. Hamilton Wealth LLC acquired a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at $1,108,000. Finally, Corient Private Wealth LP lifted its position in shares of Schwab US Broad Market ETF by 15.0% during the 2nd quarter. Corient Private Wealth LP now owns 1,001,507 shares of the company’s stock worth $29,004,000 after purchasing an additional 130,691 shares during the last quarter.
Schwab US Broad Market ETF Trading Down 0.1%
Schwab US Broad Market ETF stock opened at $29.85 on Wednesday. The company has a fifty day simple moving average of $29.64 and a 200-day simple moving average of $28.64. The stock has a market cap of $45.29 billion, a P/E 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 $30.15.
Schwab US Broad Market ETF Company Profile
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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