Royal Bank of Canada Raises Holdings in Schwab US Broad Market ETF $SCHB

Royal Bank of Canada increased its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,881,786 shares of the company’s stock after purchasing an additional 138,430 shares during the quarter. Royal Bank of Canada owned 0.19% of Schwab US Broad Market ETF worth $72,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Quantinno Capital Management LP raised its position in Schwab US Broad Market ETF by 39.6% in the 1st quarter. Quantinno Capital Management LP now owns 2,783,258 shares of the company’s stock worth $69,860,000 after buying an additional 790,102 shares during the last quarter. Everest Financial Group LLC bought a new position in Schwab US Broad Market ETF during the 1st quarter valued at about $262,000. Waverly Advisors LLC boosted its holdings in shares of Schwab US Broad Market ETF by 1.4% during the 1st quarter. Waverly Advisors LLC now owns 3,061,232 shares of the company’s stock valued at $76,837,000 after acquiring an additional 41,366 shares during the last quarter. Bridgewater Advisors Inc. boosted its holdings in shares of Schwab US Broad Market ETF by 2.7% during the 1st quarter. Bridgewater Advisors Inc. now owns 37,107 shares of the company’s stock valued at $931,000 after acquiring an additional 972 shares during the last quarter. Finally, GC Wealth Management RIA LLC grew its stake in shares of Schwab US Broad Market ETF by 2.6% in the first quarter. GC Wealth Management RIA LLC now owns 17,178 shares of the company’s stock worth $431,000 after acquiring an additional 438 shares during the period.

Schwab US Broad Market ETF Stock Up 0.6%

Shares of SCHB stock opened at $28.85 on Friday. The company has a 50 day moving average price of $28.82 and a 200-day moving average price of $27.42. Schwab US Broad Market ETF has a 52 week low of $23.85 and a 52 week high of $29.35. The firm has a market capitalization of $43.28 billion, a PE ratio of 25.08 and a beta of 1.02.

Schwab US Broad Market ETF Company 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.