Summit Financial Strategies Inc. Has $27.87 Million Holdings in Schwab US Small-Cap ETF $SCHA

Summit Financial Strategies Inc. lessened its stake in shares of Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 998,798 shares of the company’s stock after selling 31,452 shares during the quarter. Schwab US Small-Cap ETF comprises approximately 2.4% of Summit Financial Strategies Inc.’s holdings, making the stock its 13th largest position. Summit Financial Strategies Inc. owned about 0.15% of Schwab US Small-Cap ETF worth $27,866,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Verdence Capital Advisors LLC bought a new position in shares of Schwab US Small-Cap ETF during the 2nd quarter worth about $203,000. Courage Miller Partners LLC increased its position in shares of Schwab US Small-Cap ETF by 9.0% during the 2nd quarter. Courage Miller Partners LLC now owns 378,178 shares of the company’s stock worth $9,568,000 after purchasing an additional 31,098 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Schwab US Small-Cap ETF during the 2nd quarter valued at about $2,194,000. D.A. Davidson & CO. boosted its position in Schwab US Small-Cap ETF by 8.7% in the second quarter. D.A. Davidson & CO. now owns 10,966 shares of the company’s stock valued at $277,000 after buying an additional 876 shares in the last quarter. Finally, Kavar Capital Partners Group LLC increased its holdings in shares of Schwab US Small-Cap ETF by 7.3% during the third quarter. Kavar Capital Partners Group LLC now owns 262,115 shares of the company’s stock worth $7,313,000 after buying an additional 17,932 shares in the last quarter.

Schwab US Small-Cap ETF Trading Up 1.1%

NYSEARCA:SCHA opened at $28.80 on Monday. The stock has a market capitalization of $19.83 billion, a P/E ratio of 17.65 and a beta of 1.13. Schwab US Small-Cap ETF has a 1 year low of $20.04 and a 1 year high of $29.60. The firm has a 50 day moving average of $28.34 and a 200-day moving average of $27.37.

Schwab US Small-Cap ETF Company Profile

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.