Downshift Financial LLC Increases Stake in Schwab US Broad Market ETF $SCHB

Downshift Financial LLC grew its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 75.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 700,795 shares of the company’s stock after buying an additional 301,363 shares during the quarter. Schwab US Broad Market ETF accounts for about 9.3% of Downshift Financial LLC’s investment portfolio, making the stock its 2nd biggest holding. Downshift Financial LLC’s holdings in Schwab US Broad Market ETF were worth $19,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $27,000. Birchwood Financial Partners Inc. bought a new position in Schwab US Broad Market ETF in the fourth quarter valued at $28,000. Wiser Advisor Group LLC acquired a new stake in Schwab US Broad Market ETF in the 3rd quarter valued at $29,000. Bayban bought a new stake in Schwab US Broad Market ETF during the 4th quarter worth about $33,000. Finally, LRI Investments LLC bought a new stake in Schwab US Broad Market ETF during the 4th quarter worth about $35,000.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA SCHB opened at $29.09 on Tuesday. The business has a 50-day moving average of $28.58 and a 200-day moving average of $27.10. Schwab US Broad Market ETF has a fifty-two week low of $23.83 and a fifty-two week high of $29.35. The stock has a market capitalization of $43.40 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.