Schwab US Broad Market ETF $SCHB Stock: Islay Capital Management LLC Increases Holdings

Islay Capital Management LLC lifted its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 51.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,461 shares of the company’s stock after buying an additional 96,841 shares during the quarter. Schwab US Broad Market ETF accounts for 3.9% of Islay Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Islay Capital Management LLC’s holdings in Schwab US Broad Market ETF were worth $8,367,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SCHB. NWK Group Inc. increased its holdings in Schwab US Broad Market ETF by 23.0% in the first quarter. NWK Group Inc. now owns 1,897 shares of the company’s stock valued at $48,000 after buying an additional 355 shares in the last quarter. Greenleaf Trust grew its stake in Schwab US Broad Market ETF by 0.9% in the 2nd quarter. Greenleaf Trust now owns 40,725 shares of the company’s stock valued at $1,179,000 after acquiring an additional 375 shares during the last quarter. NerdWallet Wealth Partners LLC grew its stake in Schwab US Broad Market ETF by 4.5% in the 1st quarter. NerdWallet Wealth Partners LLC now owns 9,017 shares of the company’s stock valued at $226,000 after acquiring an additional 385 shares during the last quarter. Selby Wealth Management LLC raised its position in Schwab US Broad Market ETF by 0.3% during the third quarter. Selby Wealth Management LLC now owns 130,852 shares of the company’s stock worth $3,835,000 after acquiring an additional 394 shares during the last quarter. Finally, Wealthgarden F.S. LLC grew its position in shares of Schwab US Broad Market ETF by 1.2% in the first quarter. Wealthgarden F.S. LLC now owns 34,107 shares of the company’s stock valued at $856,000 after purchasing an additional 395 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

NYSEARCA:SCHB traded up $0.10 during trading hours on Tuesday, reaching $29.50. 14,756,888 shares of the company traded hands, compared to its average volume of 9,304,061. The firm’s 50-day moving average is $29.61 and its 200-day moving average is $28.77. The stock has a market cap of $44.77 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1-year low of $24.28 and a 1-year high of $30.15.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.