Long Island Wealth Management Inc. Acquires 262 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Long Island Wealth Management Inc. grew its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,575 shares of the company’s stock after purchasing an additional 262 shares during the quarter. Schwab US Broad Market ETF comprises about 2.7% of Long Island Wealth Management Inc.’s investment portfolio, making the stock its 11th biggest position. Long Island Wealth Management Inc.’s holdings in Schwab US Broad Market ETF were worth $3,871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SCHB. Strategic Financial Concepts LLC raised its holdings in Schwab US Broad Market ETF by 6,212.4% during the second quarter. Strategic Financial Concepts LLC now owns 4,696,336 shares of the company’s stock valued at $291,000 after buying an additional 4,621,937 shares in the last quarter. Rebalance LLC raised its stake in shares of Schwab US Broad Market ETF by 1.6% in the 2nd quarter. Rebalance LLC now owns 3,656,627 shares of the company’s stock valued at $229,892,000 after acquiring an additional 55,848 shares in the last quarter. Strid Group LLC lifted its holdings in Schwab US Broad Market ETF by 7.6% in the 2nd quarter. Strid Group LLC now owns 2,752,877 shares of the company’s stock worth $173,073,000 after purchasing an additional 195,347 shares during the last quarter. Evergreen Advisors LLC lifted its holdings in Schwab US Broad Market ETF by 1.0% in the 2nd quarter. Evergreen Advisors LLC now owns 2,182,804 shares of the company’s stock worth $137,233,000 after purchasing an additional 21,357 shares during the last quarter. Finally, Hanson & Doremus Investment Management boosted its position in Schwab US Broad Market ETF by 0.9% during the second quarter. Hanson & Doremus Investment Management now owns 1,937,609 shares of the company’s stock worth $121,817,000 after purchasing an additional 16,407 shares during the period.

Schwab US Broad Market ETF Stock Down 0.1 %

NYSEARCA:SCHB opened at $66.24 on Friday. The company’s 50 day moving average is $63.94 and its 200-day moving average is $62.19. Schwab US Broad Market ETF has a 12 month low of $47.46 and a 12 month high of $66.59. The firm has a market cap of $30.45 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02.

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.