GatePass Capital LLC Invests $842,000 in Schwab US Broad Market ETF $SCHB

GatePass Capital LLC purchased a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,097 shares of the company’s stock, valued at approximately $842,000.

Other institutional investors also recently added to or reduced their stakes in the company. GeoWealth Management LLC grew its stake in Schwab US Broad Market ETF by 0.4% in the 3rd quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock worth $2,572,000 after acquiring an additional 388 shares in the last quarter. Occidental Asset Management LLC raised its stake in shares of Schwab US Broad Market ETF by 4.2% during the fourth quarter. Occidental Asset Management LLC now owns 9,880 shares of the company’s stock valued at $259,000 after acquiring an additional 400 shares in the last quarter. Summit Place Financial Advisors LLC boosted its holdings in shares of Schwab US Broad Market ETF by 1.0% in the fourth quarter. Summit Place Financial Advisors LLC now owns 41,214 shares of the company’s stock valued at $1,081,000 after purchasing an additional 425 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of Schwab US Broad Market ETF by 9.1% in the fourth quarter. CENTRAL TRUST Co now owns 5,444 shares of the company’s stock valued at $143,000 after purchasing an additional 454 shares during the period. Finally, LifeSteps Financial Inc. boosted its holdings in shares of Schwab US Broad Market ETF by 3.3% in the fourth quarter. LifeSteps Financial Inc. now owns 14,755 shares of the company’s stock valued at $387,000 after purchasing an additional 467 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $28.73 on Tuesday. The business’s 50 day moving average is $26.85 and its 200 day moving average is $26.51. The stock has a market cap of $42.48 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 52-week low of $22.16 and a 52-week high of $28.85.

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.