Arax Advisory Partners Has $4.82 Million Stock Position in Schwab US Broad Market ETF $SCHB

Arax Advisory Partners decreased its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 95.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,570 shares of the company’s stock after selling 3,866,498 shares during the period. Arax Advisory Partners’ holdings in Schwab US Broad Market ETF were worth $4,815,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at approximately $27,000. Wiser Advisor Group LLC bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at approximately $29,000. LRI Investments LLC bought a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at approximately $35,000. Basepoint Wealth LLC bought a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at approximately $38,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at approximately $51,000.

Schwab US Broad Market ETF Stock Performance

SCHB stock opened at $28.69 on Monday. Schwab US Broad Market ETF has a 1-year low of $22.88 and a 1-year high of $29.35. The firm has a market cap of $42.42 billion, a P/E ratio of 25.08 and a beta of 1.02. The business’s 50 day moving average is $27.86 and its 200-day moving average is $26.82.

Schwab US Broad Market ETF 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.