ELCO Management Co. LLC Grows Stock Position in Schwab US Broad Market ETF $SCHB

ELCO Management Co. LLC raised its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 15.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 168,506 shares of the company’s stock after purchasing an additional 23,150 shares during the quarter. Schwab US Broad Market ETF accounts for approximately 2.3% of ELCO Management Co. LLC’s portfolio, making the stock its 10th largest position. ELCO Management Co. LLC’s holdings in Schwab US Broad Market ETF were worth $4,332,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SCHB. First Pacific Financial bought a new position in shares of Schwab US Broad Market ETF in the third quarter valued at about $51,000. Golden State Wealth Management LLC increased its position in Schwab US Broad Market ETF by 4,138.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,289 shares of the company’s stock valued at $55,000 after acquiring an additional 2,235 shares in the last quarter. Addison Advisors LLC raised its stake in shares of Schwab US Broad Market ETF by 319.1% in the second quarter. Addison Advisors LLC now owns 2,364 shares of the company’s stock worth $56,000 after acquiring an additional 1,800 shares during the last quarter. Frazier Financial Advisors LLC lifted its position in shares of Schwab US Broad Market ETF by 18.7% during the second quarter. Frazier Financial Advisors LLC now owns 2,756 shares of the company’s stock worth $66,000 after purchasing an additional 434 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF during the second quarter worth approximately $77,000.

Schwab US Broad Market ETF Price Performance

Shares of Schwab US Broad Market ETF stock opened at $26.44 on Thursday. The firm has a market cap of $38.52 billion, a P/E ratio of 25.08 and a beta of 1.02. The firm has a 50 day simple moving average of $26.48 and a 200 day simple moving average of $25.74. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $26.94.

About Schwab US Broad Market ETF

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.