HB Wealth Management LLC Trims Stake in Schwab US Broad Market ETF $SCHB

HB Wealth Management LLC lowered its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,595,221 shares of the company’s stock after selling 93,398 shares during the period. Schwab US Broad Market ETF accounts for about 1.1% of HB Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding. HB Wealth Management LLC owned about 0.45% of Schwab US Broad Market ETF worth $165,540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners purchased a new position in Schwab US Broad Market ETF in the third quarter worth about $27,000. Birchwood Financial Partners Inc. purchased a new stake in shares of Schwab US Broad Market ETF during the fourth quarter valued at approximately $28,000. Wiser Advisor Group LLC purchased a new stake in shares of Schwab US Broad Market ETF during the third quarter valued at approximately $29,000. Bayban purchased a new stake in shares of Schwab US Broad Market ETF during the fourth quarter valued at approximately $33,000. Finally, LRI Investments LLC bought a new stake in shares of Schwab US Broad Market ETF during the fourth quarter valued at approximately $35,000.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA SCHB opened at $28.87 on Friday. Schwab US Broad Market ETF has a twelve month low of $23.83 and a twelve month high of $29.35. The firm has a market cap of $43.03 billion, a P/E ratio of 25.08 and a beta of 1.02. The company has a 50 day moving average of $28.55 and a 200 day moving average of $27.08.

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.