Quantinno Capital Management LP Has $69.86 Million Stock Position in Schwab US Broad Market ETF $SCHB

Quantinno Capital Management LP lifted its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 39.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,783,258 shares of the company’s stock after buying an additional 790,102 shares during the period. Quantinno Capital Management LP owned about 0.19% of Schwab US Broad Market ETF worth $69,860,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Financial Life Planners bought a new stake in shares of Schwab US Broad Market ETF in the first quarter worth about $27,000. Birchwood Financial Partners Inc. bought a new position in shares of Schwab US Broad Market ETF during the 4th quarter valued at about $28,000. Wiser Advisor Group LLC acquired a new position in shares of Schwab US Broad Market ETF in the 3rd quarter valued at approximately $29,000. Bayban acquired a new position in shares of Schwab US Broad Market ETF in the 4th quarter valued at approximately $33,000. Finally, LRI Investments LLC acquired a new position in shares of Schwab US Broad Market ETF in the 4th quarter valued at approximately $35,000.

Schwab US Broad Market ETF Stock Performance

NYSEARCA SCHB opened at $28.66 on Wednesday. Schwab US Broad Market ETF has a 52-week low of $23.85 and a 52-week high of $29.35. The business has a 50 day simple moving average of $28.82 and a 200 day simple moving average of $27.38. The stock has a market cap of $42.93 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

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.