Towercrest Capital Management Acquires 16,952 Shares of Schwab US Broad Market ETF $SCHB

Towercrest Capital Management increased its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.1% during the second quarter, HoldingsChannel.com reports. The fund owned 428,601 shares of the company’s stock after acquiring an additional 16,952 shares during the period. Schwab US Broad Market ETF makes up approximately 1.8% of Towercrest Capital Management’s holdings, making the stock its 21st largest holding. Towercrest Capital Management’s holdings in Schwab US Broad Market ETF were worth $10,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Schwab US Broad Market ETF during the 1st quarter worth approximately $25,000. Christopher J. Hasenberg Inc grew its stake in Schwab US Broad Market ETF by 310.6% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock worth $26,000 after buying an additional 820 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Schwab US Broad Market ETF in the 1st quarter worth approximately $30,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Schwab US Broad Market ETF in the 1st quarter worth approximately $32,000. Finally, Brooklyn Investment Group purchased a new position in Schwab US Broad Market ETF in the 1st quarter worth approximately $49,000.

Schwab US Broad Market ETF Price Performance

SCHB stock opened at $26.30 on Tuesday. Schwab US Broad Market ETF has a one year low of $18.52 and a one year high of $26.57. The stock has a market cap of $38.26 billion, a PE ratio of 25.08 and a beta of 1.02. The firm has a 50 day simple moving average of $25.60 and a two-hundred day simple moving average of $24.09.

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.