Bangor Savings Bank Raises Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Bangor Savings Bank raised its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 201.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,017 shares of the company’s stock after purchasing an additional 3,351 shares during the period. Bangor Savings Bank’s holdings in Schwab US Broad Market ETF were worth $114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHB. Burkett Financial Services LLC increased its holdings in shares of Schwab US Broad Market ETF by 1.4% in the third quarter. Burkett Financial Services LLC now owns 13,482 shares of the company’s stock valued at $897,000 after purchasing an additional 183 shares during the last quarter. Carnegie Investment Counsel increased its stake in shares of Schwab US Broad Market ETF by 1.5% in the 3rd quarter. Carnegie Investment Counsel now owns 13,392 shares of the company’s stock worth $891,000 after acquiring an additional 195 shares during the last quarter. Evanson Asset Management LLC boosted its position in shares of Schwab US Broad Market ETF by 1.8% during the 3rd quarter. Evanson Asset Management LLC now owns 11,285 shares of the company’s stock valued at $751,000 after acquiring an additional 198 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of Schwab US Broad Market ETF by 1.8% in the second quarter. Citizens Financial Group Inc. RI now owns 12,820 shares of the company’s stock valued at $809,000 after purchasing an additional 227 shares during the period. Finally, Long Island Wealth Management Inc. grew its holdings in shares of Schwab US Broad Market ETF by 0.4% in the second quarter. Long Island Wealth Management Inc. now owns 61,575 shares of the company’s stock valued at $3,871,000 after purchasing an additional 262 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $22.83 on Wednesday. The firm’s 50-day moving average is $23.07 and its two-hundred day moving average is $22.08. Schwab US Broad Market ETF has a 12 month low of $18.23 and a 12 month high of $23.73. The company has a market capitalization of $10.49 billion, a PE 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.