ZWJ Investment Counsel Inc. Has $2.86 Million Stock Holdings in Schwab US Broad Market ETF $SCHB

ZWJ Investment Counsel Inc. cut its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 120,033 shares of the company’s stock after selling 4,585 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Schwab US Broad Market ETF were worth $2,860,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHB. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Schwab US Broad Market ETF in the second quarter valued at $161,574,000. Kestra Advisory Services LLC increased its stake in shares of Schwab US Broad Market ETF by 1,807.0% in the first quarter. Kestra Advisory Services LLC now owns 2,008,516 shares of the company’s stock valued at $47,421,000 after buying an additional 1,903,192 shares in the last quarter. Capital Management Associates Inc increased its stake in shares of Schwab US Broad Market ETF by 107.6% in the first quarter. Capital Management Associates Inc now owns 3,527,282 shares of the company’s stock valued at $75,942,000 after buying an additional 1,828,084 shares in the last quarter. SCS Capital Management LLC increased its stake in shares of Schwab US Broad Market ETF by 16.6% in the first quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock valued at $256,232,000 after buying an additional 1,697,159 shares in the last quarter. Finally, Rebalance LLC increased its stake in shares of Schwab US Broad Market ETF by 10.1% in the second quarter. Rebalance LLC now owns 13,159,188 shares of the company’s stock valued at $313,583,000 after buying an additional 1,209,350 shares in the last quarter.

Schwab US Broad Market ETF Stock Up 0.0%

Shares of SCHB stock opened at $25.84 on Friday. The stock has a 50-day moving average price of $25.03 and a 200 day moving average price of $23.30. The firm has a market cap of $37.54 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 12 month low of $18.52 and a 12 month high of $25.99.

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.