Schwab US Broad Market ETF $SCHB is Appalachian Capital Management Ltd’s Largest Position

Appalachian Capital Management Ltd boosted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,573,653 shares of the company’s stock after acquiring an additional 17,611 shares during the period. Schwab US Broad Market ETF comprises 31.6% of Appalachian Capital Management Ltd’s investment portfolio, making the stock its biggest holding. Appalachian Capital Management Ltd owned about 0.11% of Schwab US Broad Market ETF worth $39,499,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GeoWealth Management LLC raised its stake in shares of Schwab US Broad Market ETF by 0.4% during the third quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock valued at $2,572,000 after purchasing an additional 388 shares in the last quarter. Occidental Asset Management LLC lifted its holdings in Schwab US Broad Market ETF by 4.2% in the fourth quarter. Occidental Asset Management LLC now owns 9,880 shares of the company’s stock worth $259,000 after purchasing an additional 400 shares during the period. LifeSteps Financial Inc. grew its position in Schwab US Broad Market ETF by 2.9% in the 1st quarter. LifeSteps Financial Inc. now owns 15,178 shares of the company’s stock valued at $381,000 after buying an additional 423 shares in the last quarter. Summit Place Financial Advisors LLC grew its position in Schwab US Broad Market ETF by 1.0% in the 4th quarter. Summit Place Financial Advisors LLC now owns 41,214 shares of the company’s stock valued at $1,081,000 after buying an additional 425 shares in the last quarter. Finally, Cherry Tree Wealth Management LLC increased its stake in Schwab US Broad Market ETF by 0.4% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 116,680 shares of the company’s stock valued at $3,061,000 after buying an additional 434 shares during the period.

Schwab US Broad Market ETF Stock Performance

SCHB stock opened at $28.87 on Friday. The firm’s 50-day moving average is $28.55 and its two-hundred day moving average is $27.08. The company has a market capitalization of $43.03 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 52 week low of $23.83 and a 52 week high of $29.35.

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.