Towercrest Capital Management Buys 268,458 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Towercrest Capital Management lifted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 168.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 427,762 shares of the company’s stock after purchasing an additional 268,458 shares during the quarter. Schwab US Broad Market ETF makes up 1.5% of Towercrest Capital Management’s portfolio, making the stock its 24th largest position. Towercrest Capital Management’s holdings in Schwab US Broad Market ETF were worth $9,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHB. Pathstone Holdings LLC raised its stake in shares of Schwab US Broad Market ETF by 5.0% during the 3rd quarter. Pathstone Holdings LLC now owns 48,663 shares of the company’s stock valued at $3,237,000 after purchasing an additional 2,313 shares during the period. Prospera Financial Services Inc increased its stake in Schwab US Broad Market ETF by 7.3% in the 3rd quarter. Prospera Financial Services Inc now owns 9,307 shares of the company’s stock worth $619,000 after acquiring an additional 634 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Schwab US Broad Market ETF by 31.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 39,377 shares of the company’s stock worth $2,619,000 after acquiring an additional 9,442 shares during the last quarter. Nwam LLC bought a new position in Schwab US Broad Market ETF in the 3rd quarter worth about $556,000. Finally, Cerity Partners LLC increased its stake in Schwab US Broad Market ETF by 5.8% in the 3rd quarter. Cerity Partners LLC now owns 375,895 shares of the company’s stock worth $25,005,000 after acquiring an additional 20,504 shares during the last quarter.

Schwab US Broad Market ETF Stock Up 0.0 %

Shares of NYSEARCA SCHB opened at $21.83 on Monday. The firm has a market capitalization of $31.22 billion, a P/E ratio of 23.90 and a beta of 1.05. The stock’s 50-day simple moving average is $22.87 and its two-hundred day simple moving average is $22.71. Schwab US Broad Market ETF has a twelve month low of $19.14 and a twelve month high of $23.77.

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.