Schwab US Broad Market ETF $SCHB Position Raised by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. boosted its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 52.0% in the third quarter, HoldingsChannel.com reports. The firm owned 192,438 shares of the company’s stock after buying an additional 65,847 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Schwab US Broad Market ETF were worth $5,640,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management raised its holdings in Schwab US Broad Market ETF by 0.5% during the first quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock worth $176,733,000 after purchasing an additional 33,281 shares in the last quarter. Evergreen Advisors LLC lifted its position in shares of Schwab US Broad Market ETF by 1.8% during the 1st quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock worth $157,632,000 after buying an additional 112,717 shares during the last quarter. Forvis Mazars Wealth Advisors LLC purchased a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter worth approximately $175,355,000. HHM Wealth Advisors LLC boosted its holdings in shares of Schwab US Broad Market ETF by 2.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock valued at $129,179,000 after buying an additional 108,943 shares in the last quarter. Finally, Mariner LLC boosted its holdings in shares of Schwab US Broad Market ETF by 3.8% in the 4th quarter. Mariner LLC now owns 4,454,313 shares of the company’s stock valued at $116,847,000 after buying an additional 164,384 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

NYSEARCA SCHB opened at $29.85 on Wednesday. The firm’s fifty day moving average price is $29.64 and its 200 day moving average price is $28.64. The company has a market capitalization of $45.29 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $24.28 and a 12 month high of $30.15.

Schwab US Broad Market ETF Profile

(Free Report)

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.

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