Nwam LLC Makes New $541,000 Investment in Schwab US Broad Market ETF $SCHB

Nwam LLC acquired a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the third quarter, Holdings Channel reports. The institutional investor acquired 21,033 shares of the company’s stock, valued at approximately $541,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ARS Wealth Advisors Group LLC raised its position in Schwab US Broad Market ETF by 4.3% in the 3rd quarter. ARS Wealth Advisors Group LLC now owns 9,779 shares of the company’s stock worth $251,000 after purchasing an additional 405 shares during the period. Blue Trust Inc. grew its stake in shares of Schwab US Broad Market ETF by 1.9% during the third quarter. Blue Trust Inc. now owns 22,375 shares of the company’s stock valued at $575,000 after buying an additional 414 shares during the last quarter. Summit Place Financial Advisors LLC increased its holdings in shares of Schwab US Broad Market ETF by 1.1% in the third quarter. Summit Place Financial Advisors LLC now owns 40,789 shares of the company’s stock worth $1,049,000 after buying an additional 425 shares during the period. Foster Victor Wealth Advisors LLC lifted its stake in shares of Schwab US Broad Market ETF by 1.5% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 28,669 shares of the company’s stock valued at $691,000 after acquiring an additional 426 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its stake in shares of Schwab US Broad Market ETF by 2.0% in the 2nd quarter. SteelPeak Wealth LLC now owns 21,842 shares of the company’s stock valued at $521,000 after acquiring an additional 427 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB opened at $26.74 on Friday. The stock’s 50 day simple moving average is $26.25 and its 200 day simple moving average is $25.51. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $26.89. The firm has a market cap of $38.93 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

Schwab US Broad Market ETF 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.