IMA Advisory Services Inc. Sells 21,229 Shares of Schwab US Broad Market ETF $SCHB

IMA Advisory Services Inc. reduced its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 830,952 shares of the company’s stock after selling 21,229 shares during the quarter. Schwab US Broad Market ETF accounts for 2.2% of IMA Advisory Services Inc.’s portfolio, making the stock its 12th largest position. IMA Advisory Services Inc. owned approximately 0.06% of Schwab US Broad Market ETF worth $21,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Avantax Advisory Services Inc. boosted its position in Schwab US Broad Market ETF by 3.4% during the 2nd quarter. Avantax Advisory Services Inc. now owns 81,215 shares of the company’s stock worth $1,935,000 after acquiring an additional 2,664 shares during the last quarter. Boyum Wealth Architects LLC lifted its position in shares of Schwab US Broad Market ETF by 10.3% in the third quarter. Boyum Wealth Architects LLC now owns 1,225,521 shares of the company’s stock worth $31,508,000 after purchasing an additional 114,806 shares in the last quarter. Cambridge Financial Group LLC boosted its holdings in Schwab US Broad Market ETF by 43.8% during the second quarter. Cambridge Financial Group LLC now owns 189,882 shares of the company’s stock worth $4,525,000 after purchasing an additional 57,856 shares during the last quarter. SCS Capital Management LLC grew its position in Schwab US Broad Market ETF by 2.7% in the second quarter. SCS Capital Management LLC now owns 12,223,396 shares of the company’s stock valued at $291,284,000 after purchasing an additional 322,220 shares in the last quarter. Finally, Weaver Capital Management LLC acquired a new stake in Schwab US Broad Market ETF in the 3rd quarter valued at $35,322,000.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $26.29 on Friday. The company’s 50-day moving average price is $26.51 and its two-hundred day moving average price is $25.82. Schwab US Broad Market ETF has a one year low of $18.52 and a one year high of $26.94. The stock has a market capitalization of $38.30 billion, a PE ratio of 25.08 and a beta of 1.02.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.