Altus Wealth Group LLC Makes New $1.05 Million Investment in Schwab US Broad Market ETF $SCHB

Altus Wealth Group LLC purchased a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 40,845 shares of the company’s stock, valued at approximately $1,050,000.

Several other institutional investors have also modified their holdings of SCHB. ARS Wealth Advisors Group LLC increased its stake in Schwab US Broad Market ETF by 4.3% during the 3rd quarter. ARS Wealth Advisors Group LLC now owns 9,779 shares of the company’s stock worth $251,000 after purchasing an additional 405 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Schwab US Broad Market ETF by 1.9% in the third quarter. Blue Trust Inc. now owns 22,375 shares of the company’s stock valued at $575,000 after buying an additional 414 shares during the period. Foster Victor Wealth Advisors LLC boosted its holdings in shares of Schwab US Broad Market ETF by 1.5% in the second quarter. Foster Victor Wealth Advisors LLC now owns 28,669 shares of the company’s stock valued at $691,000 after buying an additional 426 shares during the period. SteelPeak Wealth LLC increased its position in shares of Schwab US Broad Market ETF by 2.0% during the second quarter. SteelPeak Wealth LLC now owns 21,842 shares of the company’s stock worth $521,000 after acquiring an additional 427 shares in the last quarter. Finally, Triangle Securities Wealth Management raised its holdings in shares of Schwab US Broad Market ETF by 0.4% during the third quarter. Triangle Securities Wealth Management now owns 117,174 shares of the company’s stock worth $3,013,000 after acquiring an additional 431 shares during the period.

Schwab US Broad Market ETF Trading Up 0.3%

SCHB opened at $26.31 on Friday. The stock has a market capitalization of $38.28 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $18.52 and a 12 month high of $26.63. The firm’s fifty day simple moving average is $26.15 and its 200 day simple moving average is $25.26.

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.