Lionshead Wealth Management LLC Trims Stake in Schwab US Broad Market ETF $SCHB

Lionshead Wealth Management LLC reduced its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 47.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,036 shares of the company’s stock after selling 42,870 shares during the quarter. Lionshead Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $1,034,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SCHB. Betterment LLC raised its stake in shares of Schwab US Broad Market ETF by 193.5% during the 4th quarter. Betterment LLC now owns 17,773,620 shares of the company’s stock worth $403,461,000 after buying an additional 11,718,291 shares during the period. SCS Capital Management LLC raised its stake in shares of Schwab US Broad Market ETF by 170.1% during the 4th quarter. SCS Capital Management LLC now owns 10,204,017 shares of the company’s stock worth $231,631,000 after buying an additional 6,426,551 shares during the period. Evensky & Katz LLC raised its stake in shares of Schwab US Broad Market ETF by 187.7% during the 4th quarter. Evensky & Katz LLC now owns 9,325,113 shares of the company’s stock worth $211,680,000 after buying an additional 6,084,141 shares during the period. Retirement Planning Group LLC raised its stake in shares of Schwab US Broad Market ETF by 222.5% during the 4th quarter. Retirement Planning Group LLC now owns 5,777,637 shares of the company’s stock worth $131,152,000 after buying an additional 3,986,204 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of Schwab US Broad Market ETF by 191.1% during the 4th quarter. Captrust Financial Advisors now owns 3,320,913 shares of the company’s stock worth $75,385,000 after buying an additional 2,179,908 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $24.93 on Friday. The company has a market cap of $36.04 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. The stock has a 50 day simple moving average of $24.14 and a 200-day simple moving average of $22.77. Schwab US Broad Market ETF has a 1-year low of $18.52 and a 1-year high of $24.99.

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.