Beacon Capital Management LLC Purchases 27,720 Shares of Schwab US Broad Market ETF $SCHB

Beacon Capital Management LLC lifted its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2,266.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,943 shares of the company’s stock after acquiring an additional 27,720 shares during the quarter. Beacon Capital Management LLC’s holdings in Schwab US Broad Market ETF were worth $744,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Gallagher Fiduciary Advisors LLC raised its holdings in shares of Schwab US Broad Market ETF by 2,295.8% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 64,764,324 shares of the company’s stock valued at $1,543,334,000 after purchasing an additional 62,061,116 shares in the last quarter. AlphaCore Capital LLC raised its stake in Schwab US Broad Market ETF by 1,400.4% in the second quarter. AlphaCore Capital LLC now owns 5,953,464 shares of the company’s stock worth $141,871,000 after buying an additional 5,556,673 shares in the last quarter. Caprock Group LLC purchased a new stake in Schwab US Broad Market ETF during the third quarter worth $54,987,000. Weaver Capital Management LLC purchased a new stake in Schwab US Broad Market ETF during the third quarter worth $35,322,000. Finally, Rebalance LLC boosted its position in Schwab US Broad Market ETF by 10.0% during the 3rd quarter. Rebalance LLC now owns 14,480,067 shares of the company’s stock valued at $372,283,000 after acquiring an additional 1,320,879 shares in the last quarter.

Schwab US Broad Market ETF Trading Up 0.2%

Shares of NYSEARCA:SCHB opened at $26.33 on Tuesday. The company has a market capitalization of $38.36 billion, a PE 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 $26.94. The business’s fifty day simple moving average is $26.51 and its 200-day simple moving average is $25.87.

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.