Schwab US Broad Market ETF $SCHB Shares Sold by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. cut its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.2% in the third quarter, Holdings Channel reports. The firm owned 3,542,152 shares of the company’s stock after selling 154,753 shares during the period. Schwab US Broad Market ETF accounts for approximately 7.8% of Summit Financial Strategies Inc.’s holdings, making the stock its 5th biggest position. Summit Financial Strategies Inc.’s holdings in Schwab US Broad Market ETF were worth $91,069,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc increased its stake in Schwab US Broad Market ETF by 310.6% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock valued at $26,000 after buying an additional 820 shares during the period. First Pacific Financial purchased a new position in shares of Schwab US Broad Market ETF during the 3rd quarter worth approximately $51,000. Golden State Wealth Management LLC increased its position in Schwab US Broad Market ETF by 4,138.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,289 shares of the company’s stock worth $55,000 after purchasing an additional 2,235 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of Schwab US Broad Market ETF by 319.1% during the second quarter. Addison Advisors LLC now owns 2,364 shares of the company’s stock worth $56,000 after buying an additional 1,800 shares in the last quarter. Finally, Frazier Financial Advisors LLC grew its stake in Schwab US Broad Market ETF by 18.7% in the 2nd quarter. Frazier Financial Advisors LLC now owns 2,756 shares of the company’s stock worth $66,000 after acquiring an additional 434 shares during the period.

Schwab US Broad Market ETF Price Performance

SCHB opened at $26.31 on Monday. The stock has a market capitalization of $38.26 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $18.52 and a 12 month high of $26.63. The business has a 50-day moving average of $26.15 and a two-hundred day moving average of $25.29.

Schwab US Broad Market ETF 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.