Marcum Wealth LLC Makes New $4.90 Million Investment in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Marcum Wealth LLC purchased a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 227,420 shares of the company’s stock, valued at approximately $4,896,000. Schwab US Broad Market ETF comprises approximately 0.4% of Marcum Wealth LLC’s holdings, making the stock its 29th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Promus Capital LLC purchased a new position in Schwab US Broad Market ETF during the 4th quarter worth approximately $25,000. Blume Capital Management Inc. raised its holdings in shares of Schwab US Broad Market ETF by 200.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock worth $25,000 after purchasing an additional 741 shares during the last quarter. Tucker Asset Management LLC raised its holdings in shares of Schwab US Broad Market ETF by 233.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after purchasing an additional 765 shares during the last quarter. Studio Investment Management LLC raised its holdings in shares of Schwab US Broad Market ETF by 200.0% during the fourth quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after purchasing an additional 728 shares during the last quarter. Finally, Maryland Capital Advisors Inc. boosted its holdings in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after purchasing an additional 774 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA SCHB opened at $22.65 on Thursday. The stock has a 50-day simple moving average of $21.40 and a two-hundred day simple moving average of $22.45. The firm has a market capitalization of $32.62 billion, a P/E ratio of 25.46 and a beta of 1.03. Schwab US Broad Market ETF has a fifty-two week low of $18.53 and a fifty-two week 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.