Schwab US Broad Market ETF $SCHB Stock: Luminvest Wealth Management LLC Cuts Position

Luminvest Wealth Management LLC decreased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 27.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,137 shares of the company’s stock after selling 32,940 shares during the quarter. Schwab US Broad Market ETF makes up about 0.7% of Luminvest Wealth Management LLC’s holdings, making the stock its 15th biggest position. Luminvest Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $2,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SCHB. Markowski Investments acquired a new position in shares of Schwab US Broad Market ETF in the second quarter worth $31,000. Financial Life Planners acquired a new stake in Schwab US Broad Market ETF during the first quarter valued at $27,000. Bayban acquired a new stake in Schwab US Broad Market ETF during the fourth quarter valued at $33,000. Compass Financial Management LLC purchased a new position in Schwab US Broad Market ETF in the second quarter valued at about $38,000. Finally, Sound Income Strategies LLC purchased a new position in Schwab US Broad Market ETF in the first quarter valued at about $35,000.

Schwab US Broad Market ETF Trading Down 1.2%

SCHB stock traded down $0.35 during mid-day trading on Wednesday, hitting $29.50. The stock had a trading volume of 15,536,650 shares, compared to its average volume of 9,133,006. Schwab US Broad Market ETF has a 1-year low of $24.28 and a 1-year high of $30.15. The company has a fifty day moving average of $29.64 and a 200 day moving average of $28.64. The stock has a market capitalization of $44.76 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

Schwab US Broad Market ETF 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.