Archer Investment Management LLC Reduces Stake in Schwab US Broad Market ETF $SCHB

Archer Investment Management LLC cut its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 15.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,566 shares of the company’s stock after selling 27,607 shares during the quarter. Schwab US Broad Market ETF accounts for about 2.6% of Archer Investment Management LLC’s portfolio, making the stock its 11th largest holding. Archer Investment Management LLC’s holdings in Schwab US Broad Market ETF were worth $3,540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Seaside Wealth Management Inc. boosted its holdings in shares of Schwab US Broad Market ETF by 8.0% in the 2nd quarter. Seaside Wealth Management Inc. now owns 243,239 shares of the company’s stock valued at $5,796,000 after acquiring an additional 17,982 shares during the last quarter. Westshore Wealth LLC purchased a new position in shares of Schwab US Broad Market ETF during the second quarter worth $202,000. GSG Advisors LLC lifted its position in Schwab US Broad Market ETF by 3.3% during the second quarter. GSG Advisors LLC now owns 1,088,248 shares of the company’s stock valued at $25,933,000 after purchasing an additional 34,877 shares during the period. Goelzer Investment Management Inc. lifted its position in Schwab US Broad Market ETF by 12.9% during the second quarter. Goelzer Investment Management Inc. now owns 25,314 shares of the company’s stock valued at $603,000 after purchasing an additional 2,886 shares during the period. Finally, Seneca House Advisors boosted its holdings in Schwab US Broad Market ETF by 16.0% in the second quarter. Seneca House Advisors now owns 18,802 shares of the company’s stock valued at $448,000 after purchasing an additional 2,591 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB opened at $25.49 on Wednesday. The business’s 50-day moving average is $24.66 and its two-hundred day moving average is $22.97. The company has a market capitalization of $36.85 billion, a P/E ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $25.56.

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.