Schwab US Broad Market ETF $SCHB Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 28.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,264 shares of the company’s stock after purchasing an additional 35,925 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Schwab US Broad Market ETF were worth $4,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SCHB. NWK Group Inc. boosted its stake in shares of Schwab US Broad Market ETF by 23.0% during the 1st quarter. NWK Group Inc. now owns 1,897 shares of the company’s stock worth $48,000 after purchasing an additional 355 shares during the last quarter. NerdWallet Wealth Partners LLC raised its position in shares of Schwab US Broad Market ETF by 4.5% in the first quarter. NerdWallet Wealth Partners LLC now owns 9,017 shares of the company’s stock valued at $226,000 after buying an additional 385 shares during the last quarter. GeoWealth Management LLC raised its position in shares of Schwab US Broad Market ETF by 0.4% in the third quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock valued at $2,572,000 after buying an additional 388 shares during the last quarter. Wealthgarden F.S. LLC lifted its stake in shares of Schwab US Broad Market ETF by 1.2% during the first quarter. Wealthgarden F.S. LLC now owns 34,107 shares of the company’s stock valued at $856,000 after buying an additional 395 shares during the period. Finally, LifeSteps Financial Inc. lifted its stake in shares of Schwab US Broad Market ETF by 2.9% during the first quarter. LifeSteps Financial Inc. now owns 15,178 shares of the company’s stock valued at $381,000 after buying an additional 423 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB opened at $28.59 on Tuesday. Schwab US Broad Market ETF has a 1 year low of $23.85 and a 1 year high of $29.35. The firm’s 50 day moving average price is $28.81 and its 200 day moving average price is $27.37. The firm has a market cap of $42.83 billion, a P/E ratio of 25.08 and a beta of 1.02.

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.