Spectrum Asset Management Inc. NB CA Buys 3,503 Shares of Schwab US Broad Market ETF $SCHB

Spectrum Asset Management Inc. NB CA raised its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,528 shares of the company’s stock after purchasing an additional 3,503 shares during the period. Spectrum Asset Management Inc. NB CA’s holdings in Schwab US Broad Market ETF were worth $1,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Schwab US Broad Market ETF by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,095,500 shares of the company’s stock valued at $45,116,000 after buying an additional 178,997 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Schwab US Broad Market ETF by 5.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 24,351 shares of the company’s stock worth $524,000 after acquiring an additional 1,220 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Schwab US Broad Market ETF by 2,053.0% during the 1st quarter. GAMMA Investing LLC now owns 31,132 shares of the company’s stock worth $670,000 after acquiring an additional 29,686 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Schwab US Broad Market ETF by 3.4% during the 1st quarter. Park Avenue Securities LLC now owns 37,673 shares of the company’s stock valued at $811,000 after acquiring an additional 1,249 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Schwab US Broad Market ETF by 4.9% in the first quarter. Cetera Investment Advisers now owns 587,930 shares of the company’s stock valued at $12,658,000 after purchasing an additional 27,325 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB opened at $25.82 on Wednesday. The stock has a market capitalization of $37.52 billion, a PE ratio of 25.08 and a beta of 1.03. The company’s fifty day moving average is $25.09 and its 200 day moving average is $23.37. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $25.99.

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.