Schwab US Broad Market ETF $SCHB Position Trimmed by Global Wealth Management LLC

Global Wealth Management LLC trimmed its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 6.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 817,754 shares of the company’s stock after selling 60,847 shares during the period. Schwab US Broad Market ETF accounts for 11.2% of Global Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Global Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $20,526,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lincoln Capital Corp increased its holdings in Schwab US Broad Market ETF by 1.2% in the first quarter. Lincoln Capital Corp now owns 114,036 shares of the company’s stock valued at $2,862,000 after buying an additional 1,388 shares in the last quarter. Asset Advisory Group Inc. boosted its stake in shares of Schwab US Broad Market ETF by 0.5% during the 1st quarter. Asset Advisory Group Inc. now owns 232,632 shares of the company’s stock worth $5,839,000 after acquiring an additional 1,092 shares in the last quarter. Sheets Smith Wealth Management grew its position in shares of Schwab US Broad Market ETF by 1.0% during the 1st quarter. Sheets Smith Wealth Management now owns 280,015 shares of the company’s stock valued at $7,028,000 after acquiring an additional 2,796 shares during the period. Davis Capital Management grew its position in shares of Schwab US Broad Market ETF by 4.4% during the 1st quarter. Davis Capital Management now owns 835,619 shares of the company’s stock valued at $20,974,000 after acquiring an additional 35,582 shares during the period. Finally, Diversified Trust Co increased its stake in shares of Schwab US Broad Market ETF by 87.3% in the 1st quarter. Diversified Trust Co now owns 68,076 shares of the company’s stock valued at $1,709,000 after purchasing an additional 31,728 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $28.97 on Monday. The company has a market cap of $42.84 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The stock has a 50 day simple moving average of $28.20 and a 200-day simple moving average of $26.92. Schwab US Broad Market ETF has a 1-year low of $22.88 and a 1-year high of $29.35.

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.