IMA Advisory Services Inc. Has $21.43 Million Stock Holdings in Schwab US Broad Market ETF $SCHB

IMA Advisory Services Inc. decreased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 853,890 shares of the company’s stock after selling 18,807 shares during the period. Schwab US Broad Market ETF accounts for approximately 2.1% of IMA Advisory Services Inc.’s holdings, making the stock its 12th largest position. IMA Advisory Services Inc.’s holdings in Schwab US Broad Market ETF were worth $21,433,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Financial Life Planners bought a new stake in Schwab US Broad Market ETF during the first quarter worth about $27,000. Birchwood Financial Partners Inc. acquired a new position in Schwab US Broad Market ETF during the fourth quarter valued at approximately $28,000. Wiser Advisor Group LLC bought a new position in Schwab US Broad Market ETF in the third quarter valued at approximately $29,000. Bayban bought a new position in Schwab US Broad Market ETF in the fourth quarter valued at approximately $33,000. Finally, LRI Investments LLC acquired a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth approximately $35,000.

Schwab US Broad Market ETF Stock Down 1.0%

NYSEARCA:SCHB opened at $28.75 on Friday. Schwab US Broad Market ETF has a twelve month low of $23.85 and a twelve month high of $29.35. The firm has a market capitalization of $43.01 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The stock’s 50 day moving average price is $28.79 and its two-hundred day moving average price is $27.27.

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.