Brookstone Capital Management Expands Investment in Schwab US Broad Market ETF

Brookstone Capital Management significantly increased its investment in the Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 270.0% during the fourth quarter, as detailed in its most recent Form 13F filing with the Securities and Exchange Commission. By the end of the quarter, Brookstone Capital Management held a total of 205,188 shares after acquiring an additional 149,734 shares. As per the latest SEC filing, these holdings are valued at approximately $4,658,000.

Several other institutional investors have also made adjustments to their stakes in SCHB. For instance, Strategic Investment Solutions Inc. in Illinois began a new position in the ETF in the second quarter, worth $28,000. Meanwhile, GAMMA Investing LLC raised its holdings by 200.0% during the fourth quarter, bringing its total to 1,446 shares valued at $33,000 after purchasing an additional 964 shares. Joseph Group Capital Management established a new position worth $66,000 in the third quarter, while Northwest Investment Counselors LLC also acquired a new stake valued at approximately $69,000 during the same period. Furthermore, Bangor Savings Bank increased its investment by 201.1% in the fourth quarter and now possesses 5,017 shares valued at $114,000 after buying an additional 3,351 shares.

Current Market Performance of Schwab US Broad Market ETF

As of Wednesday, shares of the Schwab US Broad Market ETF opened at $22.58. The ETF boasts a market capitalization of $10.38 billion, a price-to-earnings (PE) ratio of 25.24, and a beta of 1.02. The 50-day moving average is positioned at $23.13, while the 200-day moving average stands at $22.15. Over the past year, the ETF has recorded a low of $18.25 and a high of $23.73.

About Schwab US Broad Market ETF

The Schwab U.S. Broad Market ETF aims to replicate the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. This index is float-adjusted and market capitalization weighted, which accurately reflects the securities available for investment in the marketplace. It comprises 2,500 publicly traded United States companies where pricing information is accessible.

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For updates on what other hedge funds are holding SCHB, visit HoldingsChannel.com, where you can find the latest Form 13F filings and insider trade information regarding Schwab US Broad Market ETF.

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