Downshift Financial LLC Invests $10.41 Million in Schwab US Broad Market ETF $SCHB

Downshift Financial LLC bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 399,432 shares of the company’s stock, valued at approximately $10,413,000. Schwab US Broad Market ETF comprises approximately 6.4% of Downshift Financial LLC’s portfolio, making the stock its 6th largest position.

Other institutional investors have also recently bought and sold shares of the company. GeoWealth Management LLC increased its position in Schwab US Broad Market ETF by 0.4% during the third quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock worth $2,572,000 after purchasing an additional 388 shares during the last quarter. Occidental Asset Management LLC boosted its holdings in shares of Schwab US Broad Market ETF by 4.2% in the 4th quarter. Occidental Asset Management LLC now owns 9,880 shares of the company’s stock valued at $259,000 after purchasing an additional 400 shares during the last quarter. Summit Place Financial Advisors LLC grew its stake in shares of Schwab US Broad Market ETF by 1.0% during the 4th quarter. Summit Place Financial Advisors LLC now owns 41,214 shares of the company’s stock valued at $1,081,000 after buying an additional 425 shares during the period. Cherry Tree Wealth Management LLC grew its stake in shares of Schwab US Broad Market ETF by 0.4% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 116,680 shares of the company’s stock valued at $3,061,000 after buying an additional 434 shares during the period. Finally, CENTRAL TRUST Co increased its holdings in shares of Schwab US Broad Market ETF by 9.1% during the 4th quarter. CENTRAL TRUST Co now owns 5,444 shares of the company’s stock worth $143,000 after buying an additional 454 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB opened at $28.97 on Friday. The firm has a market capitalization of $42.84 billion, a P/E ratio of 25.08 and a beta of 1.02. The stock’s fifty day simple moving average is $28.20 and its 200 day simple moving average is $26.91. Schwab US Broad Market ETF has a twelve month low of $22.88 and a twelve month high of $29.35.

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.