Schwab US Broad Market ETF $SCHB Holdings Decreased by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. lessened its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 22.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,814,136 shares of the company’s stock after selling 511,949 shares during the period. Schwab US Broad Market ETF accounts for 3.7% of Summit Financial Strategies Inc.’s holdings, making the stock its 9th biggest holding. Summit Financial Strategies Inc. owned about 0.12% of Schwab US Broad Market ETF worth $53,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SCHB. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in Schwab US Broad Market ETF during the 3rd quarter worth about $72,509,000. Elmwood Wealth Management Inc. bought a new position in shares of Schwab US Broad Market ETF in the 3rd quarter worth about $411,000. First Citizens Bank & Trust Co. bought a new position in shares of Schwab US Broad Market ETF in the 3rd quarter worth about $826,000. Foundation Wealth Management LLC PA raised its position in shares of Schwab US Broad Market ETF by 16.5% in the 3rd quarter. Foundation Wealth Management LLC PA now owns 27,594 shares of the company’s stock worth $809,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Womack Financial LLC lifted its stake in shares of Schwab US Broad Market ETF by 2.4% in the 3rd quarter. Womack Financial LLC now owns 31,624 shares of the company’s stock valued at $927,000 after purchasing an additional 733 shares during the period.

Schwab US Broad Market ETF Price Performance

NYSEARCA SCHB opened at $29.50 on Thursday. The business has a 50 day simple moving average of $29.64 and a 200 day simple moving average of $28.67. Schwab US Broad Market ETF has a one year low of $24.28 and a one year high of $30.15. The stock has a market capitalization of $44.76 billion, a P/E ratio of 25.08 and a beta of 1.02.

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.