Schwab US Broad Market ETF $SCHB Stock: James J. Burns & Company LLC Cuts Position

James J. Burns & Company LLC lessened its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 685,972 shares of the company’s stock after selling 18,193 shares during the quarter. Schwab US Broad Market ETF accounts for 2.2% of James J. Burns & Company LLC’s investment portfolio, making the stock its 12th largest position. James J. Burns & Company LLC’s holdings in Schwab US Broad Market ETF were worth $20,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Hengehold Capital Management LLC purchased a new stake in Schwab US Broad Market ETF during the third quarter worth about $222,931,000. Forvis Mazars Wealth Advisors LLC acquired a new position in Schwab US Broad Market ETF during the third quarter worth about $175,355,000. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in Schwab US Broad Market ETF during the third quarter worth about $72,509,000. Legacy Private Trust Co. purchased a new position in Schwab US Broad Market ETF in the third quarter valued at about $36,626,000. Finally, Retirement Planning Group LLC purchased a new position in Schwab US Broad Market ETF in the third quarter valued at about $31,105,000.

Schwab US Broad Market ETF Price Performance

Schwab US Broad Market ETF stock traded down $0.14 during mid-day trading on Friday, reaching $29.19. The company had a trading volume of 17,680,077 shares, compared to its average volume of 9,456,812. The stock’s 50-day simple moving average is $29.57 and its 200-day simple moving average is $28.86. Schwab US Broad Market ETF has a 1 year low of $24.28 and a 1 year high of $30.15. The company has a market capitalization of $44.35 billion, a P/E 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.