Schwab US Broad Market ETF $SCHB Stock Holdings Increased by Morton Brown Family Wealth LLC

Morton Brown Family Wealth LLC lifted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.4% during the first quarter, Holdings Channel reports. The fund owned 4,017,868 shares of the company’s stock after purchasing an additional 170,427 shares during the quarter. Schwab US Broad Market ETF comprises 26.7% of Morton Brown Family Wealth LLC’s portfolio, making the stock its biggest holding. Morton Brown Family Wealth LLC’s holdings in Schwab US Broad Market ETF were worth $100,848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHB. Brighton Jones LLC lifted its holdings in Schwab US Broad Market ETF by 1,209.6% in the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock valued at $5,190,000 after purchasing an additional 211,168 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Schwab US Broad Market ETF by 197.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after purchasing an additional 14,279 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Schwab US Broad Market ETF by 50.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,549,572 shares of the company’s stock worth $33,362,000 after buying an additional 518,984 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in shares of Schwab US Broad Market ETF during the second quarter worth about $218,000. Finally, Russell Investments Group Ltd. raised its position in shares of Schwab US Broad Market ETF by 18.5% in the second quarter. Russell Investments Group Ltd. now owns 9,924 shares of the company’s stock valued at $236,000 after buying an additional 1,552 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB opened at $28.42 on Friday. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The company’s 50 day simple moving average is $28.37 and its 200 day simple moving average is $26.98. Schwab US Broad Market ETF has a 1 year low of $23.45 and a 1 year 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.