Cornerstone Wealth Group LLC Cuts Stake in Schwab US Small-Cap ETF $SCHA

Cornerstone Wealth Group LLC reduced its position in Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 13.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,955 shares of the company’s stock after selling 16,190 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Schwab US Small-Cap ETF were worth $3,403,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Valpey Financial Services LLC increased its position in Schwab US Small-Cap ETF by 2,689.1% during the 4th quarter. Valpey Financial Services LLC now owns 3,638,749 shares of the company’s stock valued at $103,632,000 after purchasing an additional 3,508,286 shares during the period. Corient Private Wealth LLC lifted its position in shares of Schwab US Small-Cap ETF by 164.9% in the 4th quarter. Corient Private Wealth LLC now owns 3,613,460 shares of the company’s stock worth $102,911,000 after purchasing an additional 2,249,591 shares during the period. 93 Financial Group LLC bought a new position in shares of Schwab US Small-Cap ETF during the fourth quarter valued at approximately $47,509,000. Bank of America Corp DE boosted its stake in shares of Schwab US Small-Cap ETF by 5.3% during the second quarter. Bank of America Corp DE now owns 19,019,095 shares of the company’s stock valued at $481,183,000 after purchasing an additional 962,262 shares in the last quarter. Finally, FIDELIS iM LLC boosted its stake in shares of Schwab US Small-Cap ETF by 409.7% during the fourth quarter. FIDELIS iM LLC now owns 822,969 shares of the company’s stock valued at $23,438,000 after purchasing an additional 661,509 shares in the last quarter.

Schwab US Small-Cap ETF Stock Down 0.5%

Shares of SCHA stock opened at $35.49 on Friday. The firm has a market cap of $24.43 billion, a price-to-earnings ratio of 17.65 and a beta of 1.10. Schwab US Small-Cap ETF has a 52-week low of $24.95 and a 52-week high of $35.80. The company’s 50 day moving average is $33.52 and its 200 day moving average is $31.11.

Schwab US Small-Cap ETF 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.