Global Wealth Management LLC Sells 75,406 Shares of Schwab US Broad Market ETF $SCHB

Global Wealth Management LLC lessened its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 878,601 shares of the company’s stock after selling 75,406 shares during the period. Schwab US Broad Market ETF accounts for approximately 12.4% of Global Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Global Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $23,046,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Financial Life Planners acquired a new position in shares of Schwab US Broad Market ETF in the 3rd quarter valued at $27,000. Wiser Advisor Group LLC acquired a new position in shares of Schwab US Broad Market ETF in the 3rd quarter valued at $29,000. First Pacific Financial acquired a new position in shares of Schwab US Broad Market ETF in the 3rd quarter valued at $51,000. LGT Financial Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF in the 3rd quarter valued at $52,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Schwab US Broad Market ETF in the 4th quarter valued at $64,000.

Schwab US Broad Market ETF Stock Up 0.3%

Shares of Schwab US Broad Market ETF stock opened at $27.09 on Friday. Schwab US Broad Market ETF has a 52 week low of $19.57 and a 52 week high of $27.14. The business’s fifty day simple moving average is $26.02 and its 200-day simple moving average is $26.13. The firm has a market cap of $39.94 billion, a PE ratio of 25.08 and a beta of 1.02.

About Schwab US Broad Market ETF

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.