Towercrest Capital Management Boosts Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Towercrest Capital Management boosted its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 168.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 427,762 shares of the company’s stock after purchasing an additional 268,458 shares during the period. Schwab US Broad Market ETF comprises 1.5% of Towercrest Capital Management’s holdings, making the stock its 24th largest position. Towercrest Capital Management owned approximately 0.09% of Schwab US Broad Market ETF worth $9,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHB. Promus Capital LLC purchased a new position in Schwab US Broad Market ETF in the fourth quarter worth $25,000. Blume Capital Management Inc. lifted its position in shares of Schwab US Broad Market ETF by 200.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock valued at $25,000 after buying an additional 741 shares during the last quarter. Maryland Capital Advisors Inc. lifted its position in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after buying an additional 774 shares during the last quarter. Wiser Advisor Group LLC lifted its position in shares of Schwab US Broad Market ETF by 200.8% during the 4th quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 785 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. lifted its position in shares of Schwab US Broad Market ETF by 201.0% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,249 shares of the company’s stock valued at $28,000 after buying an additional 834 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA SCHB opened at $21.83 on Monday. Schwab US Broad Market ETF has a one year low of $19.14 and a one year high of $23.77. The business’s fifty day moving average price is $22.87 and its 200-day moving average price is $22.71. The stock has a market capitalization of $31.22 billion, a PE ratio of 23.90 and a beta of 1.05.

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.