Park Avenue Securities LLC Acquires New Stake in Schwab US Broad Market ETF $SCHB

Park Avenue Securities LLC bought a new stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 54,012 shares of the company’s stock, valued at approximately $1,583,000.

A number of other hedge funds also recently modified their holdings of the business. Forvis Mazars Wealth Advisors LLC purchased a new stake in Schwab US Broad Market ETF in the 3rd quarter worth about $175,355,000. Capital & Planning LLC purchased a new position in Schwab US Broad Market ETF during the 2nd quarter valued at about $875,000. Allworth Financial LP grew its stake in Schwab US Broad Market ETF by 6.2% during the 2nd quarter. Allworth Financial LP now owns 1,809,502 shares of the company’s stock valued at $52,403,000 after acquiring an additional 106,193 shares in the last quarter. First Heartland Consultants Inc. purchased a new position in Schwab US Broad Market ETF during the 3rd quarter valued at about $823,000. Finally, Davidson Kahn Capital Management LLC increased its holdings in shares of Schwab US Broad Market ETF by 17.3% in the 3rd quarter. Davidson Kahn Capital Management LLC now owns 808,109 shares of the company’s stock valued at $23,686,000 after purchasing an additional 119,426 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of SCHB opened at $29.07 on Monday. The business’s 50-day moving average is $29.55 and its 200-day moving average is $28.12. The company has a market capitalization of $44.20 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a fifty-two week low of $24.28 and a fifty-two week 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.