Schwab US Broad Market ETF $SCHB Shares Sold by Long Island Wealth Management Inc.

Long Island Wealth Management Inc. trimmed its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 23.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 130,116 shares of the company’s stock after selling 40,291 shares during the period. Schwab US Broad Market ETF makes up about 1.5% of Long Island Wealth Management Inc.’s holdings, making the stock its 19th largest holding. Long Island Wealth Management Inc.’s holdings in Schwab US Broad Market ETF were worth $3,266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in shares of Schwab US Broad Market ETF by 1,209.6% during the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock worth $5,190,000 after purchasing an additional 211,168 shares during the period. Revolve Wealth Partners LLC raised its holdings in Schwab US Broad Market ETF by 197.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock valued at $488,000 after buying an additional 14,279 shares during the period. Goldman Sachs Group Inc. raised its holdings in Schwab US Broad Market ETF by 50.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,549,572 shares of the company’s stock valued at $33,362,000 after buying an additional 518,984 shares during the period. Schnieders Capital Management LLC. acquired a new position in Schwab US Broad Market ETF in the second quarter valued at about $218,000. Finally, Russell Investments Group Ltd. lifted its position in Schwab US Broad Market ETF by 18.5% in the second quarter. Russell Investments Group Ltd. now owns 9,924 shares of the company’s stock valued at $236,000 after buying an additional 1,552 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $28.42 on Friday. Schwab US Broad Market ETF has a 1-year low of $23.45 and a 1-year high of $29.35. The firm has a market cap of $42.02 billion, a PE ratio of 25.08 and a beta of 1.02. The company has a 50-day moving average of $28.37 and a two-hundred day moving average of $26.98.

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.