Blue Trust Inc. significantly increased its holdings in the Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 118.9% during the second quarter of 2023. This information comes from the firm’s latest 13F filing with the Securities and Exchange Commission (SEC), revealing that Blue Trust now owns 6,029 shares after acquiring an additional 3,275 shares in the period.
As of the most recent filing, Blue Trust Inc.’s investment in the Schwab US Small-Cap ETF is valued at approximately $153,000. This move reflects a broader trend among institutional investors and hedge funds adjusting their positions in the fund.
Other Institutional Investments in Schwab US Small-Cap ETF
Several other investment firms have also recently made changes to their stakes in the Schwab US Small-Cap ETF. For instance, Hoey Investments Inc. entered a new position during the second quarter, investing around $29,000. Additionally, Crowley Wealth Management Inc. increased its holdings by 50%, now owning 1,200 shares valued at $30,000 after purchasing 400 shares more in the last quarter.
Moreover, Columbia River Financial Group LLC and GSB Wealth Management LLC both acquired new stakes in the first quarter, each valued at approximately $29,000 and $30,000, respectively. Lastly, Rossby Financial LLC also made a new investment during the first quarter, amounting to $30,000.
Current Performance of Schwab US Small-Cap ETF
As of Thursday, shares of the Schwab US Small-Cap ETF opened at $28.38, reflecting a 0.9% increase. The ETF boasts a market capitalization of $19.54 billion, with a price-to-earnings (P/E) ratio of 17.65 and a beta of 1.17, indicating its volatility compared to the broader market. Over the past year, the ETF has experienced a low of $20.04 and a high of $28.64. The fifty-day simple moving average stands at $27.43, while the 200-day average is at $25.35.
The Schwab US Small-Cap ETF aims to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. This index encompasses companies ranked 751-2500 by full market capitalization, and it utilizes a float-adjusted market capitalization weighting strategy.
Investors interested in updates on the Schwab US Small-Cap ETF and similar financial products can subscribe to MarketBeat.com’s daily email newsletter for concise summaries of the latest news and analysts’ ratings.