RMG Wealth Management LLC Invests $1.29 Million in Schwab US Broad Market ETF $SCHB

RMG Wealth Management LLC bought a new stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 53,379 shares of the company’s stock, valued at approximately $1,294,000. Schwab US Broad Market ETF comprises approximately 0.2% of RMG Wealth Management LLC’s holdings, making the stock its 16th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of SCHB. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Schwab US Broad Market ETF during the 1st quarter valued at about $25,000. Christopher J. Hasenberg Inc boosted its stake in Schwab US Broad Market ETF by 310.6% during the second quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock valued at $26,000 after buying an additional 820 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in Schwab US Broad Market ETF during the first quarter valued at approximately $30,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Schwab US Broad Market ETF during the 1st quarter valued at approximately $32,000. Finally, Brooklyn Investment Group bought a new stake in Schwab US Broad Market ETF in the 1st quarter worth approximately $49,000.

Schwab US Broad Market ETF Price Performance

Shares of SCHB opened at $25.93 on Tuesday. The stock has a market capitalization of $37.67 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $25.99. The business’s 50 day simple moving average is $25.06 and its 200-day simple moving average is $23.35.

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.