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

Long Island Wealth Management Inc. reduced its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 23.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,116 shares of the company’s stock after selling 40,291 shares during the quarter. Schwab US Broad Market ETF makes up approximately 1.5% of Long Island Wealth Management Inc.’s portfolio, making the stock its 19th biggest position. Long Island Wealth Management Inc.’s holdings in Schwab US Broad Market ETF were worth $3,266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Schwab US Broad Market ETF by 1,209.6% in the fourth quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock valued at $5,190,000 after purchasing an additional 211,168 shares during the period. Revolve Wealth Partners LLC increased its stake in Schwab US Broad Market ETF by 197.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after buying an additional 14,279 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Schwab US Broad Market ETF by 50.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,549,572 shares of the company’s stock worth $33,362,000 after buying an additional 518,984 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in Schwab US Broad Market ETF during the 2nd quarter worth approximately $218,000. Finally, Russell Investments Group Ltd. boosted its position in Schwab US Broad Market ETF by 18.5% in the 2nd 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 period.

Schwab US Broad Market ETF Trading Up 0.1%

Schwab US Broad Market ETF stock opened at $28.42 on Friday. The firm has a market capitalization of $42.02 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a twelve month low of $23.45 and a twelve month high of $29.35. The stock’s fifty day simple moving average is $28.37 and its 200-day simple moving average is $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.