Schwab US Broad Market ETF (NYSEARCA:SCHB) Shares Acquired by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC lifted its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 185.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 575,733 shares of the company’s stock after purchasing an additional 374,067 shares during the quarter. Schwab US Broad Market ETF comprises 3.2% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 8th biggest holding. Spinnaker Investment Group LLC’s holdings in Schwab US Broad Market ETF were worth $13,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHB. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Schwab US Broad Market ETF during the 2nd quarter worth $28,000. Albion Financial Group UT boosted its holdings in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Albion Financial Group UT now owns 1,260 shares of the company’s stock worth $29,000 after buying an additional 840 shares in the last quarter. Global Financial Private Client LLC grew its position in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock worth $30,000 after buying an additional 888 shares during the period. GAMMA Investing LLC increased its holdings in Schwab US Broad Market ETF by 200.0% in the fourth quarter. GAMMA Investing LLC now owns 1,446 shares of the company’s stock valued at $33,000 after buying an additional 964 shares in the last quarter. Finally, Marquette Asset Management LLC increased its holdings in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Marquette Asset Management LLC now owns 1,593 shares of the company’s stock valued at $36,000 after buying an additional 1,062 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $23.67 on Friday. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. The business’s 50 day simple moving average is $23.13 and its 200-day simple moving average is $22.23. Schwab US Broad Market ETF has a 12 month low of $18.75 and a 12 month high of $23.73.

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.