Blue Trust Inc. has significantly increased its investment in the Schwab US Small-Cap ETF (NYSEARCA:SCHA) by a remarkable 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). Following this acquisition, Blue Trust now holds a total of 6,029 shares, which are valued at approximately $153,000.
This surge in investment has coincided with several other institutional investors and hedge funds adjusting their positions in the Schwab US Small-Cap ETF. For instance, Hoey Investments Inc. entered the scene by acquiring a new position valued at around $29,000 during the second quarter. Similarly, Crowley Wealth Management Inc. expanded its holdings by 50%, bringing its total to 1,200 shares worth $30,000 after purchasing an additional 400 shares in the same period.
Others, such as Columbia River Financial Group LLC and GSB Wealth Management LLC, also made new acquisitions in the first quarter, both valued at about $29,000 and $30,000, respectively. Additionally, Rossby Financial LLC entered the market with a new investment worth $30,000.
Market Performance and Overview
On Thursday, shares of the Schwab US Small-Cap ETF opened at $28.38. The fund 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. Over the past year, the ETF has experienced a low of $20.04 and a high of $28.64. Its 50-day simple moving average stands at $27.43, while the 200-day simple moving average is at $25.35.
About Schwab US Small-Cap ETF
The Schwab US Small-Cap ETF aims to replicate the total return performance of the Dow Jones U.S. Small-Cap Total Stock Market Index. This index includes companies ranked from 751 to 2,500 based on full market capitalization. The index is designed to be float-adjusted and market capitalization weighted, providing a comprehensive view of the small-cap segment of the U.S. stock market.
This increase in investment by Blue Trust Inc. and other institutional players highlights the ongoing interest in small-cap stocks, reflecting broader market trends and investor confidence in these segments.
