Schwab US Broad Market ETF $SCHB Stock Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management reduced its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 88.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,023 shares of the company’s stock after selling 964,442 shares during the period. Triangle Securities Wealth Management’s holdings in Schwab US Broad Market ETF were worth $3,606,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter valued at about $2,903,000. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at approximately $72,509,000. Elmwood Wealth Management Inc. acquired a new position in Schwab US Broad Market ETF in the third quarter worth approximately $411,000. First Citizens Bank & Trust Co. acquired a new position in Schwab US Broad Market ETF in the third quarter worth approximately $826,000. Finally, Foundation Wealth Management LLC PA increased its holdings in Schwab US Broad Market ETF by 16.5% in the third quarter. Foundation Wealth Management LLC PA now owns 27,594 shares of the company’s stock worth $809,000 after buying an additional 3,900 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB opened at $29.50 on Thursday. The firm has a market cap of $44.76 billion, a PE ratio of 25.08 and a beta of 1.02. The firm’s 50 day moving average price is $29.64 and its 200 day moving average price is $28.67. Schwab US Broad Market ETF has a twelve month low of $24.28 and a twelve month high of $30.15.

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.