Schwab US Broad Market ETF (NYSEARCA:SCHB) is Spinnaker Investment Group LLC’s 8th Largest Position

Spinnaker Investment Group LLC lifted its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 185.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 575,733 shares of the company’s stock after purchasing an additional 374,067 shares during the quarter. Schwab US Broad Market ETF makes up 3.2% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 8th biggest holding. Spinnaker Investment Group LLC owned about 0.13% of Schwab US Broad Market ETF worth $13,069,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SCHB. Renaissance Technologies LLC acquired a new stake in shares of Schwab US Broad Market ETF during the second quarter worth about $704,000. AE Wealth Management LLC lifted its position in Schwab US Broad Market ETF by 13.2% during the 2nd quarter. AE Wealth Management LLC now owns 12,922 shares of the company’s stock worth $812,000 after acquiring an additional 1,508 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Schwab US Broad Market ETF by 314.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,310 shares of the company’s stock valued at $148,000 after purchasing an additional 1,752 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Schwab US Broad Market ETF by 60.0% in the second quarter. Bank of Montreal Can now owns 11,266 shares of the company’s stock valued at $715,000 after purchasing an additional 4,223 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Schwab US Broad Market ETF during the second quarter worth approximately $241,000.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA SCHB opened at $23.67 on Friday. The stock has a fifty day moving average price of $23.13 and a 200 day moving average price of $22.23. Schwab US Broad Market ETF has a 1-year low of $18.75 and a 1-year high of $23.73. The company has a market cap of $10.88 billion, a PE ratio of 25.24 and a beta of 1.02.

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.