Spinnaker Investment Group LLC Has $13.03 Million Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Spinnaker Investment Group LLC cut its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.8% in the 1st quarter, HoldingsChannel reports. The fund owned 213,392 shares of the company’s stock after selling 3,915 shares during the period. Schwab US Broad Market ETF accounts for approximately 3.7% of Spinnaker Investment Group LLC’s holdings, making the stock its 8th largest holding. Spinnaker Investment Group LLC’s holdings in Schwab US Broad Market ETF were worth $13,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SCHB. Morningstar Investment Services LLC lifted its stake in Schwab US Broad Market ETF by 114.4% during the fourth quarter. Morningstar Investment Services LLC now owns 1,425,586 shares of the company’s stock valued at $79,705,000 after purchasing an additional 760,762 shares during the last quarter. Compass Advisory Group LLC lifted its stake in Schwab US Broad Market ETF by 384.5% during the fourth quarter. Compass Advisory Group LLC now owns 730,442 shares of the company’s stock valued at $40,664,000 after purchasing an additional 579,689 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new stake in Schwab US Broad Market ETF during the fourth quarter valued at approximately $22,828,000. Goldman Sachs Group Inc. lifted its stake in Schwab US Broad Market ETF by 239.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 569,299 shares of the company’s stock valued at $31,693,000 after purchasing an additional 401,485 shares during the last quarter. Finally, Robinson Smith Wealth Advisors LLC purchased a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at approximately $16,490,000.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA:SCHB traded up $0.24 during mid-day trading on Thursday, hitting $63.61. The stock had a trading volume of 325,849 shares, compared to its average volume of 805,083. The company has a market cap of $29.24 billion, a PE ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 12-month low of $47.46 and a 12-month high of $63.65. The company’s 50 day moving average is $61.49 and its 200-day moving average is $59.23.

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.