Breakwater Investment Management Sells 48,863 Shares of Schwab US Broad Market ETF $SCHB

Breakwater Investment Management trimmed its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.2% in the third quarter, HoldingsChannel.com reports. The firm owned 887,200 shares of the company’s stock after selling 48,863 shares during the quarter. Schwab US Broad Market ETF comprises approximately 8.4% of Breakwater Investment Management’s investment portfolio, making the stock its 2nd biggest holding. Breakwater Investment Management’s holdings in Schwab US Broad Market ETF were worth $22,810,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its holdings in shares of Schwab US Broad Market ETF by 3.4% in the second quarter. Avantax Advisory Services Inc. now owns 81,215 shares of the company’s stock valued at $1,935,000 after buying an additional 2,664 shares during the period. Genesee Capital Advisors LLC grew its holdings in Schwab US Broad Market ETF by 1.6% during the second quarter. Genesee Capital Advisors LLC now owns 1,514,413 shares of the company’s stock worth $36,088,000 after acquiring an additional 23,607 shares during the period. 17 Capital Partners LLC acquired a new position in Schwab US Broad Market ETF during the second quarter worth about $204,000. Allworth Financial LP raised its position in Schwab US Broad Market ETF by 0.8% in the second quarter. Allworth Financial LP now owns 1,465,459 shares of the company’s stock worth $34,922,000 after acquiring an additional 12,248 shares in the last quarter. Finally, Aspiring Ventures LLC lifted its holdings in Schwab US Broad Market ETF by 2.7% in the 2nd quarter. Aspiring Ventures LLC now owns 165,124 shares of the company’s stock valued at $3,935,000 after acquiring an additional 4,360 shares during the last quarter.

Schwab US Broad Market ETF Trading Down 0.2%

NYSEARCA:SCHB opened at $26.16 on Tuesday. The company has a 50-day moving average of $25.99 and a 200-day moving average of $24.97. The firm has a market cap of $38.06 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a twelve month low of $18.52 and a twelve month high of $26.57.

About Schwab US Broad Market ETF

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.