Red Tortoise LLC Has $2.38 Million Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Red Tortoise LLC raised its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 42,813 shares of the company’s stock after acquiring an additional 1,656 shares during the period. Schwab US Broad Market ETF accounts for 1.3% of Red Tortoise LLC’s investment portfolio, making the stock its 17th biggest position. Red Tortoise LLC’s holdings in Schwab US Broad Market ETF were worth $2,383,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. grew its holdings in shares of Schwab US Broad Market ETF by 112.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 5,972 shares of the company’s stock valued at $319,000 after acquiring an additional 3,165 shares in the last quarter. AMI Investment Management Inc. boosted its holdings in Schwab US Broad Market ETF by 81.8% in the first quarter. AMI Investment Management Inc. now owns 67,978 shares of the company’s stock worth $3,629,000 after purchasing an additional 30,577 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Schwab US Broad Market ETF by 1,065.3% in the first quarter. JPMorgan Chase & Co. now owns 18,400 shares of the company’s stock worth $983,000 after purchasing an additional 16,821 shares in the last quarter. Raymond James & Associates boosted its holdings in Schwab US Broad Market ETF by 134.8% in the first quarter. Raymond James & Associates now owns 73,871 shares of the company’s stock worth $3,944,000 after purchasing an additional 42,404 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Schwab US Broad Market ETF by 102.5% in the first quarter. Bank of New York Mellon Corp now owns 9,613 shares of the company’s stock worth $513,000 after purchasing an additional 4,866 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

NYSEARCA:SCHB traded down $0.31 during trading hours on Wednesday, reaching $58.17. The company’s stock had a trading volume of 988,244 shares, compared to its average volume of 866,348. The company has a market cap of $26.68 billion, a price-to-earnings ratio of 24.49 and a beta of 1.03. Schwab US Broad Market ETF has a one year low of $46.92 and a one year high of $61.18. The business’s 50-day moving average is $59.55 and its 200-day moving average is $55.38.

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.