Altus Wealth Group LLC Buys Shares of 40,845 Schwab US Broad Market ETF $SCHB

Altus Wealth Group LLC purchased a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the third quarter, HoldingsChannel reports. The fund purchased 40,845 shares of the company’s stock, valued at approximately $1,050,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHB. Christopher J. Hasenberg Inc lifted its position in shares of Schwab US Broad Market ETF by 310.6% in the second quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock worth $26,000 after purchasing an additional 820 shares in the last quarter. First Pacific Financial acquired a new stake in Schwab US Broad Market ETF in the 3rd quarter valued at $51,000. Golden State Wealth Management LLC lifted its position in Schwab US Broad Market ETF by 4,138.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,289 shares of the company’s stock worth $55,000 after buying an additional 2,235 shares in the last quarter. Addison Advisors LLC boosted its stake in shares of Schwab US Broad Market ETF by 319.1% during the 2nd quarter. Addison Advisors LLC now owns 2,364 shares of the company’s stock worth $56,000 after buying an additional 1,800 shares during the last quarter. Finally, Frazier Financial Advisors LLC boosted its stake in shares of Schwab US Broad Market ETF by 18.7% during the 2nd quarter. Frazier Financial Advisors LLC now owns 2,756 shares of the company’s stock worth $66,000 after buying an additional 434 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA SCHB opened at $26.31 on Friday. The business has a 50-day moving average of $26.15 and a 200-day moving average of $25.26. The stock has a market capitalization of $38.28 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $26.63.

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.