Schwab US Broad Market ETF $SCHB Stake Trimmed by Financial Solutions Advisory Group Inc.

Financial Solutions Advisory Group Inc. cut its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 8.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 186,969 shares of the company’s stock after selling 17,849 shares during the quarter. Schwab US Broad Market ETF makes up approximately 0.7% of Financial Solutions Advisory Group Inc.’s holdings, making the stock its 27th biggest holding. Financial Solutions Advisory Group Inc.’s holdings in Schwab US Broad Market ETF were worth $5,474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rebalance LLC increased its holdings in Schwab US Broad Market ETF by 3.7% in the 3rd quarter. Rebalance LLC now owns 15,288,013 shares of the company’s stock worth $448,092,000 after purchasing an additional 549,560 shares in the last quarter. Hengehold Capital Management LLC acquired a new stake in shares of Schwab US Broad Market ETF during the third quarter worth $222,931,000. Hanson & Doremus Investment Management raised its position in shares of Schwab US Broad Market ETF by 1.3% in the 3rd quarter. Hanson & Doremus Investment Management now owns 7,130,203 shares of the company’s stock worth $208,986,000 after acquiring an additional 94,860 shares in the last quarter. Evergreen Advisors LLC lifted its stake in Schwab US Broad Market ETF by 1.8% in the first quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock valued at $157,632,000 after buying an additional 112,717 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF during the 3rd quarter valued at $175,355,000.

Schwab US Broad Market ETF Price Performance

SCHB stock opened at $29.61 on Friday. The company’s 50-day moving average is $29.56 and its 200-day moving average is $28.10. The stock has a market capitalization of $45.00 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1 year low of $24.28 and a 1 year high of $30.15.

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.