Downshift Financial LLC Grows Stock Position in Schwab US Broad Market ETF $SCHB

Downshift Financial LLC boosted its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 75.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,795 shares of the company’s stock after purchasing an additional 301,363 shares during the period. Schwab US Broad Market ETF accounts for approximately 9.3% of Downshift Financial LLC’s holdings, making the stock its 2nd largest holding. Downshift Financial LLC’s holdings in Schwab US Broad Market ETF were worth $19,194,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SCHB. Financial Life Planners bought a new stake in shares of Schwab US Broad Market ETF during the third quarter worth $27,000. Birchwood Financial Partners Inc. bought a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at about $28,000. Wiser Advisor Group LLC acquired a new position in Schwab US Broad Market ETF during the 3rd quarter worth about $29,000. Bayban acquired a new position 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 Trading Up 0.8%

SCHB opened at $29.09 on Tuesday. Schwab US Broad Market ETF has a 1-year low of $23.83 and a 1-year high of $29.35. The stock has a market capitalization of $43.40 billion, a PE ratio of 25.08 and a beta of 1.02. The firm has a 50-day moving average price of $28.58 and a two-hundred day moving average price of $27.10.

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.