Schwab US Broad Market ETF $SCHB Shares Sold by Retirement Planning Group LLC

Retirement Planning Group LLC decreased its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 8.0% in the first quarter, HoldingsChannel.com reports. The fund owned 1,086,268 shares of the company’s stock after selling 94,700 shares during the period. Schwab US Broad Market ETF comprises approximately 0.8% of Retirement Planning Group LLC’s investment portfolio, making the stock its 18th biggest holding. Retirement Planning Group LLC’s holdings in Schwab US Broad Market ETF were worth $27,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in Schwab US Broad Market ETF during the 1st quarter valued at about $27,000. Birchwood Financial Partners Inc. purchased a new position in shares of Schwab US Broad Market ETF in the fourth quarter worth about $28,000. Wiser Advisor Group LLC purchased a new position in shares of Schwab US Broad Market ETF in the third quarter worth about $29,000. Bayban acquired a new stake in shares of Schwab US Broad Market ETF during the fourth quarter worth about $33,000. Finally, LRI Investments LLC acquired a new stake in shares of Schwab US Broad Market ETF during the fourth quarter worth about $35,000.

Schwab US Broad Market ETF Stock Down 0.8%

Shares of NYSEARCA SCHB opened at $28.96 on Tuesday. The business’s 50 day moving average price is $28.73 and its 200 day moving average price is $27.20. The firm has a market cap of $43.25 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 52 week low of $23.83 and a 52 week high of $29.35.

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.