Schwab US Broad Market ETF $SCHB Holdings Lessened by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. lessened its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 22.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,814,136 shares of the company’s stock after selling 511,949 shares during the quarter. Schwab US Broad Market ETF accounts for approximately 3.7% of Summit Financial Strategies Inc.’s portfolio, making the stock its 9th largest position. Summit Financial Strategies Inc.’s holdings in Schwab US Broad Market ETF were worth $53,172,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SCHB. Markowski Investments acquired a new position in shares of Schwab US Broad Market ETF during the second quarter valued at about $31,000. Financial Life Planners bought a new stake in shares of Schwab US Broad Market ETF during the first quarter worth about $27,000. Bayban acquired a new stake in shares of Schwab US Broad Market ETF in the 4th quarter worth about $33,000. Compass Financial Management LLC acquired a new stake in shares of Schwab US Broad Market ETF in the 2nd quarter worth about $38,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Schwab US Broad Market ETF in the 1st quarter worth about $35,000.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB opened at $29.50 on Thursday. Schwab US Broad Market ETF has a fifty-two week low of $24.28 and a fifty-two week high of $30.15. The stock has a market cap of $44.76 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The firm’s 50-day simple moving average is $29.64 and its 200 day simple moving average is $28.67.

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.