Schaeffer Financial LLC Has $22.58 Million Stock Position in Schwab US Broad Market ETF $SCHB

Schaeffer Financial LLC increased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 878,308 shares of the company’s stock after acquiring an additional 19,421 shares during the quarter. Schwab US Broad Market ETF makes up 20.5% of Schaeffer Financial LLC’s holdings, making the stock its largest holding. Schaeffer Financial LLC’s holdings in Schwab US Broad Market ETF were worth $22,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of SCHB. Avantax Advisory Services Inc. lifted its position in shares of Schwab US Broad Market ETF by 3.4% in the 2nd quarter. Avantax Advisory Services Inc. now owns 81,215 shares of the company’s stock valued at $1,935,000 after acquiring an additional 2,664 shares in the last quarter. Genesee Capital Advisors LLC raised its stake in Schwab US Broad Market ETF by 1.6% during the 2nd quarter. Genesee Capital Advisors LLC now owns 1,514,413 shares of the company’s stock valued at $36,088,000 after purchasing an additional 23,607 shares during the period. Boyum Wealth Architects LLC lifted its holdings in shares of Schwab US Broad Market ETF by 10.3% in the third quarter. Boyum Wealth Architects LLC now owns 1,225,521 shares of the company’s stock valued at $31,508,000 after purchasing an additional 114,806 shares in the last quarter. Cambridge Financial Group LLC lifted its holdings in shares of Schwab US Broad Market ETF by 43.8% in the second quarter. Cambridge Financial Group LLC now owns 189,882 shares of the company’s stock valued at $4,525,000 after purchasing an additional 57,856 shares in the last quarter. Finally, Weaver Capital Management LLC acquired a new stake in shares of Schwab US Broad Market ETF in the third quarter worth $35,322,000.

Schwab US Broad Market ETF Trading Down 0.3%

Shares of SCHB stock opened at $26.76 on Friday. The company has a market capitalization of $38.98 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1-year low of $18.52 and a 1-year high of $26.94. The stock’s fifty day simple moving average is $26.41 and its 200-day simple moving average is $25.66.

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.