Elevation Point Wealth Partners LLC Acquires 34,764 Shares of Schwab US Broad Market ETF $SCHB

Elevation Point Wealth Partners LLC boosted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 339.4% during the 1st quarter, Holdings Channel reports. The firm owned 45,006 shares of the company’s stock after buying an additional 34,764 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Schwab US Broad Market ETF were worth $1,130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rebalance LLC lifted its stake in shares of Schwab US Broad Market ETF by 3.3% in the 4th quarter. Rebalance LLC now owns 14,963,211 shares of the company’s stock valued at $392,485,000 after purchasing an additional 483,144 shares during the last quarter. HighTower Advisors LLC raised its holdings in Schwab US Broad Market ETF by 11.0% during the 4th quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock valued at $226,412,000 after buying an additional 854,800 shares during the period. Hanson & Doremus Investment Management lifted its position in Schwab US Broad Market ETF by 0.5% in the first quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock worth $176,733,000 after buying an additional 33,281 shares during the last quarter. Evergreen Advisors LLC bought a new stake in Schwab US Broad Market ETF in the fourth quarter worth $161,772,000. Finally, HHM Wealth Advisors LLC lifted its position in Schwab US Broad Market ETF by 2.2% in the first quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock worth $129,179,000 after buying an additional 108,943 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA 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 firm has a 50-day simple moving average of $28.58 and a two-hundred day simple moving average of $27.10. The company has a market cap of $43.40 billion, a P/E ratio of 25.08 and a beta of 1.02.

About Schwab US Broad Market ETF

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.