Long Island Wealth Management Inc. Grows Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Long Island Wealth Management Inc. grew its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 6.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 557,063 shares of the company’s stock after buying an additional 34,132 shares during the period. Schwab US Broad Market ETF accounts for about 7.3% of Long Island Wealth Management Inc.’s portfolio, making the stock its 2nd largest position. Long Island Wealth Management Inc.’s holdings in Schwab US Broad Market ETF were worth $11,994,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SCHB. Studio Investment Management LLC boosted its stake in Schwab US Broad Market ETF by 200.0% in the 4th quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after purchasing an additional 728 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Schwab US Broad Market ETF in the 1st quarter worth approximately $25,000. Johnson Financial Group Inc. boosted its stake in Schwab US Broad Market ETF by 200.0% in the 4th quarter. Johnson Financial Group Inc. now owns 1,191 shares of the company’s stock worth $28,000 after purchasing an additional 794 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in Schwab US Broad Market ETF in the 4th quarter worth approximately $31,000. Finally, Curat Global LLC acquired a new stake in Schwab US Broad Market ETF in the 1st quarter worth approximately $31,000.

Schwab US Broad Market ETF Stock Up 0.5%

SCHB stock opened at $24.90 on Thursday. The firm has a 50 day moving average of $23.91 and a 200 day moving average of $22.70. The stock has a market capitalization of $36.00 billion, a PE ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 52 week low of $18.52 and a 52 week high of $24.92.

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.