Red Tortoise LLC Purchases 14,835 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Red Tortoise LLC boosted its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 69.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,072 shares of the company’s stock after purchasing an additional 14,835 shares during the period. Schwab US Broad Market ETF makes up approximately 1.2% of Red Tortoise LLC’s investment portfolio, making the stock its 22nd biggest holding. Red Tortoise LLC’s holdings in Schwab US Broad Market ETF were worth $1,726,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHB. Geneos Wealth Management Inc. lifted its stake in Schwab US Broad Market ETF by 100.8% in the first quarter. Geneos Wealth Management Inc. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 245 shares during the last quarter. Oxford Financial Group Ltd. raised its stake in shares of Schwab US Broad Market ETF by 100.0% during the first quarter. Oxford Financial Group Ltd. now owns 506 shares of the company’s stock valued at $27,000 after acquiring an additional 253 shares in the last quarter. Worth Asset Management LLC bought a new stake in shares of Schwab US Broad Market ETF during the first quarter valued at approximately $27,000. Ruedi Wealth Management Inc. bought a new stake in shares of Schwab US Broad Market ETF during the fourth quarter valued at approximately $29,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Schwab US Broad Market ETF during the first quarter valued at approximately $29,000.

Schwab US Broad Market ETF Trading Up 0.3 %

Shares of Schwab US Broad Market ETF stock traded up $0.15 on Friday, hitting $52.69. 536,754 shares of the company traded hands, compared to its average volume of 805,775. The stock’s 50 day moving average price is $52.08 and its 200-day moving average price is $49.46. Schwab US Broad Market ETF has a 52 week low of $40.92 and a 52 week high of $53.71. The company has a market cap of $23.47 billion, a PE ratio of 17.59 and a beta of 1.03.

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.