Prairiewood Capital LLC Makes New Investment in Schwab US Broad Market ETF $SCHB

Prairiewood Capital LLC bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 11,199 shares of the company’s stock, valued at approximately $267,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Kiley Juergens Wealth Management LLC increased its holdings in Schwab US Broad Market ETF by 2.6% in the second quarter. Kiley Juergens Wealth Management LLC now owns 178,847 shares of the company’s stock worth $4,262,000 after purchasing an additional 4,460 shares in the last quarter. Builder Investment Group Inc. ADV increased its holdings in Schwab US Broad Market ETF by 1.7% in the second quarter. Builder Investment Group Inc. ADV now owns 30,131 shares of the company’s stock worth $718,000 after purchasing an additional 491 shares in the last quarter. Cahaba Wealth Management Inc. bought a new stake in Schwab US Broad Market ETF in the second quarter worth approximately $1,573,000. Gradient Capital Advisors LLC increased its holdings in Schwab US Broad Market ETF by 1.3% in the second quarter. Gradient Capital Advisors LLC now owns 78,425 shares of the company’s stock worth $1,869,000 after purchasing an additional 995 shares in the last quarter. Finally, Asset Allocation & Management Company LLC increased its holdings in Schwab US Broad Market ETF by 35.7% in the second quarter. Asset Allocation & Management Company LLC now owns 230,624 shares of the company’s stock worth $5,496,000 after purchasing an additional 60,638 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock opened at $25.56 on Friday. The company has a market cap of $36.95 billion, a P/E ratio of 25.08 and a beta of 1.03. The stock has a 50 day simple moving average of $24.90 and a two-hundred day simple moving average of $23.16. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $25.88.

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.