IMA Advisory Services Inc. Has $21.43 Million Holdings in Schwab US Broad Market ETF $SCHB

IMA Advisory Services Inc. lessened its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 853,890 shares of the company’s stock after selling 18,807 shares during the period. Schwab US Broad Market ETF comprises 2.1% of IMA Advisory Services Inc.’s holdings, making the stock its 12th largest position. IMA Advisory Services Inc. owned approximately 0.06% of Schwab US Broad Market ETF worth $21,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Evergreen Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth about $161,772,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth about $77,479,000. Boulder Wealth Advisors LLC acquired a new stake in Schwab US Broad Market ETF in the 3rd quarter valued at approximately $40,435,000. Appalachian Capital Management Ltd acquired a new stake in Schwab US Broad Market ETF in the 4th quarter valued at approximately $40,815,000. Finally, Focus Partners Wealth lifted its stake in Schwab US Broad Market ETF by 130.3% in the 4th quarter. Focus Partners Wealth now owns 2,626,053 shares of the company’s stock valued at $68,881,000 after acquiring an additional 1,485,838 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA SCHB opened at $28.75 on Friday. Schwab US Broad Market ETF has a 52 week low of $23.85 and a 52 week high of $29.35. The stock’s 50 day moving average price is $28.79 and its two-hundred day moving average price is $27.27. The stock has a market capitalization of $43.01 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.