Royal Bank of Canada Boosts Position in Schwab US Broad Market ETF $SCHB

Royal Bank of Canada raised its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.0% during the first quarter, Holdings Channel reports. The fund owned 2,881,786 shares of the company’s stock after acquiring an additional 138,430 shares during the period. Royal Bank of Canada’s holdings in Schwab US Broad Market ETF were worth $72,332,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SCHB. Farrow Financial Inc. increased its holdings in Schwab US Broad Market ETF by 47.1% during the fourth quarter. Farrow Financial Inc. now owns 83,285 shares of the company’s stock valued at $2,185,000 after buying an additional 26,673 shares during the last quarter. Sunburst Financial Group LLC boosted its stake in shares of Schwab US Broad Market ETF by 1.9% during the 4th quarter. Sunburst Financial Group LLC now owns 2,126,176 shares of the company’s stock worth $55,770,000 after acquiring an additional 39,321 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Schwab US Broad Market ETF by 52.3% during the 4th quarter. Farther Finance Advisors LLC now owns 662,755 shares of the company’s stock worth $17,384,000 after acquiring an additional 227,602 shares during the last quarter. BCS Wealth Management grew its position in shares of Schwab US Broad Market ETF by 91.2% during the 4th quarter. BCS Wealth Management now owns 269,882 shares of the company’s stock valued at $7,079,000 after acquiring an additional 128,741 shares during the period. Finally, True North Advisors LLC bought a new stake in shares of Schwab US Broad Market ETF during the 4th quarter valued at $15,616,000.

Schwab US Broad Market ETF Price Performance

NYSEARCA:SCHB opened at $28.85 on Friday. The firm has a market capitalization of $43.28 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a one year low of $23.85 and a one year high of $29.35. The business has a fifty day moving average price of $28.82 and a 200-day moving average price of $27.42.

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.