Schwab US Broad Market ETF (NYSEARCA:SCHB) is Sunburst Financial Group LLC’s 4th Largest Position

Sunburst Financial Group LLC lifted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 13.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 490,435 shares of the company’s stock after buying an additional 57,819 shares during the quarter. Schwab US Broad Market ETF makes up approximately 8.4% of Sunburst Financial Group LLC’s portfolio, making the stock its 4th biggest position. Sunburst Financial Group LLC owned 0.11% of Schwab US Broad Market ETF worth $29,863,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SCHB. Thrive Wealth Management LLC boosted its position in shares of Schwab US Broad Market ETF by 17.6% during the 1st quarter. Thrive Wealth Management LLC now owns 21,669 shares of the company’s stock worth $1,323,000 after acquiring an additional 3,239 shares in the last quarter. Colorado Capital Management Inc. purchased a new position in Schwab US Broad Market ETF in the first quarter valued at approximately $871,000. Janiczek Wealth Management LLC increased its stake in Schwab US Broad Market ETF by 7.1% in the first quarter. Janiczek Wealth Management LLC now owns 12,898 shares of the company’s stock valued at $787,000 after purchasing an additional 860 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Schwab US Broad Market ETF by 15.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 68,058 shares of the company’s stock worth $4,155,000 after purchasing an additional 8,882 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in shares of Schwab US Broad Market ETF by 5.9% during the 1st quarter. Brookstone Capital Management now owns 48,526 shares of the company’s stock worth $2,963,000 after buying an additional 2,715 shares during the last quarter.

Schwab US Broad Market ETF Trading Up 0.5 %

Shares of NYSEARCA SCHB traded up $0.31 during mid-day trading on Friday, reaching $63.40. The company had a trading volume of 137,259 shares, compared to its average volume of 802,213. The firm has a 50 day simple moving average of $61.10 and a two-hundred day simple moving average of $58.96. Schwab US Broad Market ETF has a 52-week low of $47.46 and a 52-week high of $63.52. The stock has a market cap of $29.14 billion, a P/E ratio of 25.24 and a beta of 1.02.

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.