IMA Advisory Services Inc. Boosts Stock Position in Schwab US Broad Market ETF $SCHB

IMA Advisory Services Inc. grew its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 852,181 shares of the company’s stock after purchasing an additional 24,571 shares during the quarter. Schwab US Broad Market ETF makes up 2.2% of IMA Advisory Services Inc.’s investment portfolio, making the stock its 11th largest holding. IMA Advisory Services Inc. owned 0.06% of Schwab US Broad Market ETF worth $20,307,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC raised its position in 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 worth $5,190,000 after acquiring an additional 211,168 shares during the period. Revolve Wealth Partners LLC grew its position in shares of 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 valued at $488,000 after acquiring an additional 14,279 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Schwab US Broad Market ETF by 13.3% during the 1st quarter. Bank of New York Mellon Corp now owns 106,534 shares of the company’s stock worth $2,294,000 after purchasing an additional 12,535 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Schwab US Broad Market ETF by 5.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 24,351 shares of the company’s stock worth $524,000 after purchasing an additional 1,220 shares during the period. Finally, CWM LLC lifted its stake in Schwab US Broad Market ETF by 12.2% in the first quarter. CWM LLC now owns 403,741 shares of the company’s stock valued at $8,693,000 after purchasing an additional 43,756 shares during the last quarter.

Schwab US Broad Market ETF Trading Up 1.5%

Shares of NYSEARCA SCHB opened at $26.23 on Tuesday. The stock has a fifty day simple moving average of $25.70 and a two-hundred day simple moving average of $24.29. Schwab US Broad Market ETF has a 1-year low of $18.52 and a 1-year high of $26.57. The firm has a market cap of $38.16 billion, a price-to-earnings 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.