Assetmark Inc. Grows Stock Position in Schwab US Broad Market ETF $SCHB

Assetmark Inc. lifted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 530.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 798,594 shares of the company’s stock after purchasing an additional 671,862 shares during the quarter. Assetmark Inc.’s holdings in Schwab US Broad Market ETF were worth $19,031,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Kingstone Capital Partners Texas LLC purchased a new position in Schwab US Broad Market ETF in the second quarter worth $161,574,000. Kestra Advisory Services LLC raised its position in Schwab US Broad Market ETF by 1,807.0% in the first 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 in the last quarter. Capital Management Associates Inc raised its position in Schwab US Broad Market ETF by 107.6% in the first quarter. Capital Management Associates Inc now owns 3,527,282 shares of the company’s stock worth $75,942,000 after acquiring an additional 1,828,084 shares in the last quarter. SCS Capital Management LLC raised its position in Schwab US Broad Market ETF by 16.6% in the first quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock worth $256,232,000 after acquiring an additional 1,697,159 shares in the last quarter. Finally, Rebalance LLC raised its position in Schwab US Broad Market ETF by 10.1% in the second quarter. Rebalance LLC now owns 13,159,188 shares of the company’s stock worth $313,583,000 after acquiring an additional 1,209,350 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $26.28 on Friday. The stock has a fifty day moving average price of $25.57 and a two-hundred day moving average price of $24.00. The stock has a market capitalization of $38.23 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $26.57.

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.