Kestra Advisory Services LLC Lowers Stock Holdings in Schwab US Broad Market ETF $SCHB

Kestra Advisory Services LLC reduced its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 13.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,039 shares of the company’s stock after selling 53,837 shares during the period. Kestra Advisory Services LLC’s holdings in Schwab US Broad Market ETF were worth $8,911,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Sunburst Financial Group LLC raised its holdings in shares of Schwab US Broad Market ETF by 1.9% in the fourth quarter. Sunburst Financial Group LLC now owns 2,126,176 shares of the company’s stock valued at $55,770,000 after acquiring an additional 39,321 shares in the last quarter. Donaldson Capital Management LLC lifted its stake in Schwab US Broad Market ETF by 14.3% in the fourth quarter. Donaldson Capital Management LLC now owns 192,702 shares of the company’s stock worth $5,055,000 after acquiring an additional 24,114 shares during the period. Farrow Financial Inc. grew its holdings in Schwab US Broad Market ETF by 47.1% during the 4th quarter. Farrow Financial Inc. now owns 83,285 shares of the company’s stock worth $2,185,000 after acquiring an additional 26,673 shares in the last quarter. Dorato Capital Management bought a new position in Schwab US Broad Market ETF during the 4th quarter worth about $2,500,000. Finally, Farther Finance Advisors LLC increased its position in Schwab US Broad Market ETF by 52.3% during the 4th quarter. Farther Finance Advisors LLC now owns 662,755 shares of the company’s stock valued at $17,384,000 after purchasing an additional 227,602 shares during the period.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $28.96 on Tuesday. The firm has a 50-day simple moving average of $28.73 and a 200-day simple moving average of $27.20. Schwab US Broad Market ETF has a one year low of $23.83 and a one year high of $29.35. The firm has a market cap of $43.25 billion, a P/E ratio of 25.08 and a beta of 1.02.

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