Gilpin Wealth Management LLC Invests $889,000 in Schwab US Broad Market ETF $SCHB

Gilpin Wealth Management LLC bought a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the fourth quarter, HoldingsChannel reports. The firm bought 33,884 shares of the company’s stock, valued at approximately $889,000.

Other large investors have also modified their holdings of the company. GeoWealth Management LLC grew its holdings in shares of Schwab US Broad Market ETF by 0.4% in the 3rd quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock worth $2,572,000 after acquiring an additional 388 shares during the period. Occidental Asset Management LLC grew its holdings in shares of Schwab US Broad Market ETF by 4.2% in the 4th quarter. Occidental Asset Management LLC now owns 9,880 shares of the company’s stock worth $259,000 after acquiring an additional 400 shares during the period. Summit Place Financial Advisors LLC grew its holdings in shares of Schwab US Broad Market ETF by 1.0% in the 4th quarter. Summit Place Financial Advisors LLC now owns 41,214 shares of the company’s stock worth $1,081,000 after acquiring an additional 425 shares during the period. Cherry Tree Wealth Management LLC grew its holdings in shares of Schwab US Broad Market ETF by 0.4% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 116,680 shares of the company’s stock worth $3,061,000 after acquiring an additional 434 shares during the period. Finally, CENTRAL TRUST Co grew its holdings in shares of Schwab US Broad Market ETF by 9.1% in the 4th quarter. CENTRAL TRUST Co now owns 5,444 shares of the company’s stock worth $143,000 after acquiring an additional 454 shares during the period.

Schwab US Broad Market ETF Price Performance

SCHB opened at $28.03 on Thursday. The stock has a market cap of $41.45 billion, a P/E ratio of 25.08 and a beta of 1.02. The stock’s 50 day simple moving average is $27.72 and its 200 day simple moving average is $26.78. Schwab US Broad Market ETF has a 1-year low of $22.88 and a 1-year high of $29.35.

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