Blue Trust Inc. has significantly increased its investment in the Schwab US Small-Cap ETF (NYSEARCA: SCHA) by an impressive 118.9% during the second quarter of 2023. This information was disclosed in the firm’s latest 13F filing with the Securities and Exchange Commission (SEC). Following this acquisition, Blue Trust now holds a total of 6,029 shares, having added 3,275 shares in the recent quarter. As of the most recent filing, Blue Trust’s stake in the ETF is valued at approximately $153,000.
Several other institutional investors have also adjusted their positions in the Schwab US Small-Cap ETF recently. For instance, Hoey Investments Inc. has entered a new position in the ETF worth around $29,000 during the same quarter. Meanwhile, Crowley Wealth Management Inc. enhanced its stake by 50%, now owning 1,200 shares valued at about $30,000 after acquiring an additional 400 shares.
Additionally, Columbia River Financial Group LLC and GSB Wealth Management LLC both acquired new stakes in the ETF during the first quarter, each valued at approximately $29,000 and $30,000, respectively. Furthermore, Rossby Financial LLC also secured a new position in the ETF during the first quarter worth $30,000.
Market Performance of Schwab US Small-Cap ETF
As of Thursday, shares of the Schwab US Small-Cap ETF opened at $28.38. The ETF boasts a market capitalization of $19.54 billion, with a price-to-earnings (P/E) ratio of 17.65 and a beta value of 1.17, indicating its volatility compared to the market. Over the past year, the ETF has experienced a low of $20.04 and a high of $28.64. The current fifty-day simple moving average stands at $27.43, while the 200-day simple moving average is at $25.35.
Understanding Schwab US Small-Cap ETF
The Schwab U.S. Small-Cap ETF aims to replicate the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. This index encompasses companies ranked from 751 to 2,500 by full market capitalization, and operates on a float-adjusted market capitalization weighting system.
Investors seeking to track small-cap equities might find the Schwab US Small-Cap ETF an attractive option, especially with the recent uptick in institutional interest. As the market continues to evolve, the dynamics of such funds will be closely monitored by analysts and investors alike.
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