Sunpointe LLC Takes $681,000 Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Sunpointe LLC purchased a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the first quarter, Holdings Channel.com reports. The firm purchased 31,622 shares of the company’s stock, valued at approximately $681,000.

Other hedge funds have also recently made changes to their positions in the company. Apex Wealth Management LLC lifted its holdings in Schwab US Broad Market ETF by 3.0% in the first quarter. Apex Wealth Management LLC now owns 17,518 shares of the company’s stock valued at $377,000 after acquiring an additional 509 shares during the period. Continuum Advisory LLC increased its position in shares of Schwab US Broad Market ETF by 0.9% during the 4th quarter. Continuum Advisory LLC now owns 59,616 shares of the company’s stock valued at $1,353,000 after purchasing an additional 539 shares during the last quarter. John W. Brooker & Co. CPAs increased its position in shares of Schwab US Broad Market ETF by 0.4% during the 1st quarter. John W. Brooker & Co. CPAs now owns 141,269 shares of the company’s stock valued at $3,042,000 after purchasing an additional 599 shares during the last quarter. L.K. Benson & Company P.C. lifted its stake in shares of Schwab US Broad Market ETF by 1.5% in the 1st quarter. L.K. Benson & Company P.C. now owns 44,542 shares of the company’s stock worth $959,000 after purchasing an additional 656 shares during the period. Finally, North Forty Two & Co. boosted its holdings in shares of Schwab US Broad Market ETF by 1.0% in the first quarter. North Forty Two & Co. now owns 69,276 shares of the company’s stock worth $1,492,000 after buying an additional 713 shares during the last quarter.

Schwab US Broad Market ETF Trading Up 0.4%

Shares of NYSEARCA SCHB opened at $24.59 on Monday. Schwab US Broad Market ETF has a 12-month low of $18.52 and a 12-month high of $24.61. The firm has a market capitalization of $35.46 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. The firm has a 50 day moving average of $23.45 and a 200 day moving average of $22.57.

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.