Sachetta LLC Sells 603 Shares of Schwab US Broad Market ETF $SCHB

Sachetta LLC decreased its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 129,897 shares of the company’s stock after selling 603 shares during the quarter. Schwab US Broad Market ETF comprises about 1.2% of Sachetta LLC’s portfolio, making the stock its 14th largest holding. Sachetta LLC’s holdings in Schwab US Broad Market ETF were worth $3,095,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RMG Wealth Management LLC acquired a new position in shares of Schwab US Broad Market ETF during the 2nd quarter worth about $1,294,000. SteelPeak Wealth LLC increased its position in shares of Schwab US Broad Market ETF by 2.0% in the second quarter. SteelPeak Wealth LLC now owns 21,842 shares of the company’s stock valued at $521,000 after acquiring an additional 427 shares during the last quarter. Belpointe Asset Management LLC raised its holdings in Schwab US Broad Market ETF by 14.5% during the second quarter. Belpointe Asset Management LLC now owns 68,661 shares of the company’s stock worth $1,636,000 after acquiring an additional 8,718 shares in the last quarter. Valley National Advisers Inc. boosted its position in Schwab US Broad Market ETF by 0.7% during the second quarter. Valley National Advisers Inc. now owns 1,111,401 shares of the company’s stock valued at $26,484,000 after purchasing an additional 7,579 shares during the last quarter. Finally, PUREfi Wealth LLC acquired a new position in Schwab US Broad Market ETF during the second quarter valued at approximately $294,000.

Schwab US Broad Market ETF Stock Up 0.3%

NYSEARCA:SCHB opened at $25.93 on Tuesday. The firm has a market capitalization of $37.67 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a twelve month low of $18.52 and a twelve month high of $25.99. The stock’s 50 day moving average price is $25.06 and its two-hundred day moving average price is $23.35.

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.