Trevian Wealth Management LLC Grows Holdings in Schwab US Broad Market ETF $SCHB

by · The Cerbat Gem

Trevian Wealth Management LLC raised its position in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 70.3% during the second quarter, Holdings Channel.com reports. The firm owned 17,066 shares of the company’s stock after buying an additional 7,044 shares during the period. Schwab US Broad Market ETF accounts for about 0.2% of Trevian Wealth Management LLC’s holdings, making the stock its 29th largest holding. Trevian Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new position in shares of Schwab US Broad Market ETF during the 2nd quarter worth about $161,574,000. Kestra Advisory Services LLC lifted its holdings in shares of Schwab US Broad Market ETF by 1,807.0% during the 1st quarter. Kestra Advisory Services LLC now owns 2,008,516 shares of the company’s stock worth $47,421,000 after acquiring an additional 1,903,192 shares during the period. Capital Management Associates Inc increased its position in Schwab US Broad Market ETF by 107.6% during the 1st quarter. Capital Management Associates Inc now owns 3,527,282 shares of the company’s stock worth $75,942,000 after purchasing an additional 1,828,084 shares in the last quarter. SCS Capital Management LLC increased its position in Schwab US Broad Market ETF by 16.6% during the 1st quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock worth $256,232,000 after purchasing an additional 1,697,159 shares in the last quarter. Finally, Rebalance LLC increased its position in Schwab US Broad Market ETF by 10.1% during the 2nd quarter. Rebalance LLC now owns 13,159,188 shares of the company’s stock worth $313,583,000 after purchasing an additional 1,209,350 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

SCHB opened at $25.89 on Friday. The firm has a 50 day moving average price of $25.15 and a 200 day moving average price of $23.41. The company has a market cap of $37.63 billion, a PE ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $26.01.

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.

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