Ballast Advisors LLC Has $6.13 Million Stock Holdings in Schwab US Broad Market ETF $SCHB

Ballast Advisors LLC trimmed its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 257,275 shares of the company’s stock after selling 6,483 shares during the period. Schwab US Broad Market ETF comprises about 1.8% of Ballast Advisors LLC’s holdings, making the stock its 13th largest position. Ballast Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $6,131,000 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. Stratos Wealth Partners LTD. lifted its position in Schwab US Broad Market ETF by 5.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 24,351 shares of the company’s stock valued at $524,000 after acquiring an additional 1,220 shares in the last quarter. Genesee Capital Advisors LLC raised its holdings in shares of Schwab US Broad Market ETF by 1.6% in the second quarter. Genesee Capital Advisors LLC now owns 1,514,413 shares of the company’s stock valued at $36,088,000 after purchasing an additional 23,607 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Schwab US Broad Market ETF by 4.9% during the first quarter. Cetera Investment Advisers now owns 587,930 shares of the company’s stock worth $12,658,000 after purchasing an additional 27,325 shares during the last quarter. J Hagan Capital Inc. purchased a new position in shares of Schwab US Broad Market ETF in the 1st quarter worth approximately $2,768,000. Finally, Aspen Capital Management LLC bought a new position in shares of Schwab US Broad Market ETF in the first quarter valued at approximately $206,000.

Schwab US Broad Market ETF Trading Up 0.8%

Shares of SCHB opened at $26.13 on Friday. The stock has a 50 day moving average of $25.41 and a 200 day moving average of $23.80. Schwab US Broad Market ETF has a 12 month low of $18.52 and a 12 month high of $26.20. The company has a market capitalization of $38.02 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03.

About Schwab US Broad Market ETF

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.