Schwab US Broad Market ETF $SCHB Shares Bought by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC raised its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 546,155 shares of the company’s stock after purchasing an additional 26,831 shares during the quarter. Schwab US Broad Market ETF accounts for 2.6% of Spinnaker Investment Group LLC’s portfolio, making the stock its 9th largest position. Spinnaker Investment Group LLC’s holdings in Schwab US Broad Market ETF were worth $14,042,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Seneca House Advisors boosted its position in Schwab US Broad Market ETF by 3.7% in the third quarter. Seneca House Advisors now owns 19,495 shares of the company’s stock valued at $501,000 after buying an additional 693 shares during the last quarter. Legacy Wealth Management Inc lifted its stake in Schwab US Broad Market ETF by 1.8% during the 3rd quarter. Legacy Wealth Management Inc now owns 38,461 shares of the company’s stock valued at $989,000 after acquiring an additional 674 shares during the period. Foster Victor Wealth Advisors LLC boosted its holdings in shares of Schwab US Broad Market ETF by 2.0% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 29,245 shares of the company’s stock valued at $756,000 after acquiring an additional 576 shares during the last quarter. Myecfo LLC boosted its holdings in shares of Schwab US Broad Market ETF by 0.8% in the 3rd quarter. Myecfo LLC now owns 2,417,553 shares of the company’s stock valued at $62,167,000 after acquiring an additional 18,517 shares during the last quarter. Finally, Red Door Wealth Management LLC increased its stake in shares of Schwab US Broad Market ETF by 17.4% in the third quarter. Red Door Wealth Management LLC now owns 287,423 shares of the company’s stock worth $7,390,000 after acquiring an additional 42,539 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of Schwab US Broad Market ETF stock opened at $26.23 on Friday. The stock has a market cap of $38.16 billion, a PE ratio of 25.08 and a beta of 1.02. The firm has a fifty day moving average price of $26.01 and a 200 day moving average price of $25.05. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $26.57.

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.