Spinnaker Investment Group LLC grew its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 6.4% in the second quarter, Holdings Channel.com reports. 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 approximately 2.4% of Spinnaker Investment Group LLC’s portfolio, making the stock its 9th largest holding. 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 and Exchange Commission (SEC).
Several other large investors also recently made changes to their positions in the stock. Financial Life Planners acquired a new position in shares of Schwab US Broad Market ETF during the 1st quarter valued at about $27,000. Birchwood Financial Partners Inc. acquired a new stake in Schwab US Broad Market ETF in the 4th quarter worth approximately $28,000. Wiser Advisor Group LLC acquired a new stake in Schwab US Broad Market ETF in the 3rd quarter worth approximately $29,000. Bayban bought a new stake in Schwab US Broad Market ETF during the fourth quarter worth approximately $33,000. Finally, LRI Investments LLC bought a new stake in Schwab US Broad Market ETF during the fourth quarter worth approximately $35,000.
Schwab US Broad Market ETF Stock Down 0.1%
Shares of SCHB stock opened at $29.87 on Tuesday. 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 market cap of $44.81 billion, a PE ratio of 25.08 and a beta of 1.02. The business’s 50 day moving average is $28.90 and its two-hundred day moving average is $27.55.
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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