Sunburst Financial Group LLC Buys 92,327 Shares of Schwab US Broad Market ETF $SCHB

Sunburst Financial Group LLC lifted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,266,615 shares of the company’s stock after purchasing an additional 92,327 shares during the quarter. Schwab US Broad Market ETF comprises about 10.6% of Sunburst Financial Group LLC’s portfolio, making the stock its largest holding. Sunburst Financial Group LLC’s holdings in Schwab US Broad Market ETF were worth $65,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC grew its position in Schwab US Broad Market ETF by 1,209.6% during the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock worth $5,190,000 after purchasing an additional 211,168 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Schwab US Broad Market ETF by 197.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock valued at $488,000 after purchasing an additional 14,279 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Schwab US Broad Market ETF by 50.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,549,572 shares of the company’s stock worth $33,362,000 after buying an additional 518,984 shares during the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of Schwab US Broad Market ETF in the second quarter worth $218,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Schwab US Broad Market ETF by 18.5% during the second quarter. Russell Investments Group Ltd. now owns 9,924 shares of the company’s stock worth $236,000 after buying an additional 1,552 shares during the period.

Schwab US Broad Market ETF Trading Up 0.8%

NYSEARCA:SCHB opened at $29.90 on Friday. The company has a market capitalization of $44.86 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $24.28 and a 12 month high of $30.01. The firm has a fifty day simple moving average of $28.89 and a 200-day simple moving average of $27.52.

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.