Axos Invest Inc. Has $3.28 Million Holdings in Schwab US Broad Market ETF $SCHB

Axos Invest Inc. reduced its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 20.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 127,576 shares of the company’s stock after selling 31,851 shares during the period. Schwab US Broad Market ETF accounts for approximately 2.5% of Axos Invest Inc.’s portfolio, making the stock its 9th largest position. Axos Invest Inc.’s holdings in Schwab US Broad Market ETF were worth $3,280,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Schwab US Broad Market ETF by 1,209.6% during the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock worth $5,190,000 after purchasing an additional 211,168 shares during the period. Revolve Wealth Partners LLC increased its stake in Schwab US Broad Market ETF by 197.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock valued at $488,000 after acquiring an additional 14,279 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Schwab US Broad Market ETF in the 1st quarter valued at approximately $32,000. Comerica Bank lifted its position in Schwab US Broad Market ETF by 33.3% in the first quarter. Comerica Bank now owns 15,506 shares of the company’s stock worth $334,000 after purchasing an additional 3,870 shares during the period. Finally, Redwood Investment Management LLC acquired a new stake in Schwab US Broad Market ETF during the first quarter worth $277,000.

Schwab US Broad Market ETF Price Performance

Shares of Schwab US Broad Market ETF stock opened at $26.58 on Friday. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $26.61. The firm has a market capitalization of $38.67 billion, a PE ratio of 25.08 and a beta of 1.02. The company’s fifty day moving average price is $26.09 and its two-hundred day moving average price is $25.13.

Schwab US Broad Market ETF Company Profile

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.