Schwab US Broad Market ETF $SCHB Stock Position Reduced by Madden Advisory Services Inc.

Madden Advisory Services Inc. lessened its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.3% in the 3rd quarter, Holdings Channel reports. The firm owned 732,882 shares of the company’s stock after selling 25,110 shares during the period. Schwab US Broad Market ETF makes up 7.3% of Madden Advisory Services Inc.’s investment portfolio, making the stock its 2nd largest holding. Madden Advisory Services Inc.’s holdings in Schwab US Broad Market ETF were worth $18,842,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SCHB. Christopher J. Hasenberg Inc lifted its position in shares of Schwab US Broad Market ETF by 310.6% in the second quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock worth $26,000 after buying an additional 820 shares in the last quarter. First Pacific Financial bought a new stake in Schwab US Broad Market ETF in the 3rd quarter worth approximately $51,000. Golden State Wealth Management LLC boosted its position in shares of Schwab US Broad Market ETF by 4,138.9% during the second quarter. Golden State Wealth Management LLC now owns 2,289 shares of the company’s stock valued at $55,000 after buying an additional 2,235 shares during the period. Addison Advisors LLC grew its stake 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 valued at $56,000 after buying an additional 1,800 shares during the last quarter. Finally, Frazier Financial Advisors LLC raised its holdings in shares of Schwab US Broad Market ETF by 18.7% in the second quarter. Frazier Financial Advisors LLC now owns 2,756 shares of the company’s stock worth $66,000 after buying an additional 434 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock opened at $26.79 on Monday. The stock has a 50 day moving average price of $26.18 and a 200 day moving average price of $25.42. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $26.83. The firm has a market capitalization of $38.98 billion, a P/E ratio of 25.08 and a beta of 1.02.

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.