AMI Investment Management Inc. Lowers Stake in Schwab US Broad Market ETF $SCHB

AMI Investment Management Inc. decreased its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,876 shares of the company’s stock after selling 3,838 shares during the period. AMI Investment Management Inc.’s holdings in Schwab US Broad Market ETF were worth $2,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHB. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab US Broad Market ETF in the second quarter valued at about $161,574,000. Kestra Advisory Services LLC boosted its holdings in shares of Schwab US Broad Market ETF by 1,807.0% in the first quarter. Kestra Advisory Services LLC now owns 2,008,516 shares of the company’s stock valued at $47,421,000 after acquiring an additional 1,903,192 shares in the last quarter. Capital Management Associates Inc boosted its holdings in shares of Schwab US Broad Market ETF by 107.6% in the first quarter. Capital Management Associates Inc now owns 3,527,282 shares of the company’s stock valued at $75,942,000 after acquiring an additional 1,828,084 shares in the last quarter. SCS Capital Management LLC boosted its holdings in shares of Schwab US Broad Market ETF by 16.6% in the first quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock valued at $256,232,000 after acquiring an additional 1,697,159 shares in the last quarter. Finally, Rebalance LLC boosted its holdings in shares of Schwab US Broad Market ETF by 10.1% in the second quarter. Rebalance LLC now owns 13,159,188 shares of the company’s stock valued at $313,583,000 after acquiring an additional 1,209,350 shares in the last quarter.

Schwab US Broad Market ETF Stock Up 0.6%

Shares of NYSEARCA:SCHB opened at $25.98 on Thursday. The company has a market cap of $37.75 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. The firm’s 50-day simple moving average is $25.12 and its 200-day simple moving average is $23.39. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $25.99.

Schwab US Broad Market ETF 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.