BCS Wealth Management lessened its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 56.2% during the first quarter, Holdings Channel reports. The fund owned 118,319 shares of the company’s stock after selling 151,563 shares during the quarter. BCS Wealth Management’s holdings in Schwab US Broad Market ETF were worth $2,970,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Life Planners acquired a new stake in Schwab US Broad Market ETF in the third quarter valued at approximately $27,000. Birchwood Financial Partners Inc. acquired a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth approximately $28,000. Wiser Advisor Group LLC acquired a new position in shares of Schwab US Broad Market ETF during the third quarter worth approximately $29,000. Bayban bought a new position in shares of Schwab US Broad Market ETF in the 4th quarter worth $33,000. Finally, LRI Investments LLC bought a new position in shares of Schwab US Broad Market ETF in the 4th quarter worth $35,000.
Schwab US Broad Market ETF Trading Down 1.4%
Shares of SCHB stock opened at $28.48 on Wednesday. The firm has a market capitalization of $42.11 billion, a PE ratio of 25.08 and a beta of 1.02. The firm has a fifty day simple moving average of $28.30 and a two-hundred day simple moving average of $26.95. Schwab US Broad Market ETF has a 12 month low of $23.35 and a 12 month 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.
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Want to see what other hedge funds are holding SCHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report).
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