Schwab US Broad Market ETF $SCHB Stock: Hanson & Doremus Investment Management Increases Position

Hanson & Doremus Investment Management increased its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,130,203 shares of the company’s stock after buying an additional 94,860 shares during the period. Schwab US Broad Market ETF makes up about 21.1% of Hanson & Doremus Investment Management’s investment portfolio, making the stock its biggest position. Hanson & Doremus Investment Management’s holdings in Schwab US Broad Market ETF were worth $208,986,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Financial Life Planners bought a new stake in shares of Schwab US Broad Market ETF in the first quarter worth $27,000. Markowski Investments acquired a new position in shares of Schwab US Broad Market ETF in the 2nd quarter worth approximately $31,000. Bayban acquired a new position in shares of Schwab US Broad Market ETF in the 4th quarter worth approximately $33,000. Sound Income Strategies LLC acquired a new position in shares of Schwab US Broad Market ETF in the 1st quarter valued at about $35,000. Finally, Compass Financial Management LLC acquired a new position in Schwab US Broad Market ETF in the second quarter valued at approximately $38,000.

Schwab US Broad Market ETF Trading Down 1.2%

Shares of Schwab US Broad Market ETF stock opened at $29.28 on Friday. The stock has a market capitalization of $44.43 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a twelve month low of $24.28 and a twelve month high of $30.15. The business’s 50 day simple moving average is $29.62 and its 200-day simple moving average is $28.71.

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.