Asset Allocation & Management Company LLC Makes New Investment in Schwab US Broad Market ETF $SCHB

Asset Allocation & Management Company LLC purchased a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 283,189 shares of the company’s stock, valued at approximately $8,300,000. Schwab US Broad Market ETF accounts for 2.6% of Asset Allocation & Management Company LLC’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCHB. Mirador Capital Partners LP acquired a new position in shares of Schwab US Broad Market ETF during the third quarter worth about $204,000. Successful Portfolios LLC lifted its position in Schwab US Broad Market ETF by 0.6% in the third quarter. Successful Portfolios LLC now owns 209,368 shares of the company’s stock valued at $6,240,000 after purchasing an additional 1,178 shares during the period. Financial Designs Corp lifted its position in Schwab US Broad Market ETF by 30.2% in the third quarter. Financial Designs Corp now owns 139,518 shares of the company’s stock valued at $4,089,000 after purchasing an additional 32,343 shares during the period. First Heartland Consultants Inc. purchased a new stake in Schwab US Broad Market ETF in the 3rd quarter valued at approximately $823,000. Finally, Dorato Capital Management boosted its holdings in Schwab US Broad Market ETF by 37.2% in the 3rd quarter. Dorato Capital Management now owns 133,598 shares of the company’s stock valued at $3,988,000 after purchasing an additional 36,237 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

NYSEARCA SCHB traded down $0.06 on Tuesday, hitting $29.82. 3,992,258 shares of the company’s stock were exchanged, compared to its average volume of 9,081,020. The firm has a market cap of $45.21 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The firm’s 50-day moving average price is $29.64 and its two-hundred day moving average price is $28.61. Schwab US Broad Market ETF has a fifty-two week low of $24.28 and a fifty-two week high of $30.15.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.