SVB Wealth LLC Invests $1.55 Million in Schwab US Broad Market ETF $SCHB

SVB Wealth LLC acquired a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 64,890 shares of the company’s stock, valued at approximately $1,546,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Foster Victor Wealth Advisors LLC increased its holdings in Schwab US Broad Market ETF by 1.5% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 28,669 shares of the company’s stock valued at $691,000 after purchasing an additional 426 shares in the last quarter. SteelPeak Wealth LLC boosted its position in Schwab US Broad Market ETF by 2.0% in the 2nd quarter. SteelPeak Wealth LLC now owns 21,842 shares of the company’s stock valued at $521,000 after buying an additional 427 shares during the last quarter. Frazier Financial Advisors LLC increased its stake in shares of Schwab US Broad Market ETF by 18.7% in the 2nd quarter. Frazier Financial Advisors LLC now owns 2,756 shares of the company’s stock valued at $66,000 after buying an additional 434 shares during the period. ACT Wealth Management LLC lifted its stake in shares of Schwab US Broad Market ETF by 4.2% during the second quarter. ACT Wealth Management LLC now owns 11,200 shares of the company’s stock valued at $267,000 after acquiring an additional 447 shares during the period. Finally, AA Financial Advisors LLC boosted its holdings in Schwab US Broad Market ETF by 3.3% in the second quarter. AA Financial Advisors LLC now owns 14,169 shares of the company’s stock valued at $338,000 after acquiring an additional 452 shares during the last quarter.

Schwab US Broad Market ETF Trading Down 0.3%

Shares of NYSEARCA SCHB opened at $26.34 on Tuesday. The firm has a market capitalization of $38.32 billion, a PE ratio of 25.08 and a beta of 1.02. The firm’s 50-day moving average is $25.94 and its 200-day moving average is $24.84. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $26.57.

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.