Schwab US Small-Cap ETF $SCHA Shares Sold by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. cut its stake in Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 28.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 457,428 shares of the company’s stock after selling 177,559 shares during the quarter. Schwab US Small-Cap ETF makes up approximately 1.0% of Summit Financial Strategies Inc.’s portfolio, making the stock its 17th largest holding. Summit Financial Strategies Inc. owned approximately 0.07% of Schwab US Small-Cap ETF worth $14,926,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCHA. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of Schwab US Small-Cap ETF during the third quarter valued at approximately $29,526,000. Meridian Investment Counsel Inc. purchased a new position in shares of Schwab US Small-Cap ETF in the third quarter valued at approximately $212,000. Tempus Wealth Planning LLC lifted its position in shares of Schwab US Small-Cap ETF by 10.7% in the third quarter. Tempus Wealth Planning LLC now owns 49,472 shares of the company’s stock valued at $1,614,000 after acquiring an additional 4,773 shares in the last quarter. Essex LLC lifted its position in shares of Schwab US Small-Cap ETF by 0.6% in the third quarter. Essex LLC now owns 388,515 shares of the company’s stock valued at $12,677,000 after acquiring an additional 2,295 shares in the last quarter. Finally, Nicollet Investment Management Inc. boosted its stake in shares of Schwab US Small-Cap ETF by 0.9% in the third quarter. Nicollet Investment Management Inc. now owns 42,958 shares of the company’s stock worth $1,402,000 after acquiring an additional 400 shares during the last quarter.

Schwab US Small-Cap ETF Price Performance

Shares of NYSEARCA:SCHA opened at $31.99 on Thursday. Schwab US Small-Cap ETF has a 1 year low of $26.45 and a 1 year high of $36.20. The firm has a market capitalization of $22.03 billion, a PE ratio of 17.65 and a beta of 1.11. The business’s 50 day moving average price is $33.86 and its 200-day moving average price is $33.48.

Schwab US Small-Cap ETF Profile

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.