Summit Financial Strategies Inc. Has $26 Million Stock Holdings in Schwab US Small-Cap ETF $SCHA

Summit Financial Strategies Inc. cut its holdings in Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 8.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 912,824 shares of the company’s stock after selling 85,974 shares during the quarter. Schwab US Small-Cap ETF comprises 2.1% of Summit Financial Strategies Inc.’s holdings, making the stock its 13th biggest position. Summit Financial Strategies Inc. owned approximately 0.13% of Schwab US Small-Cap ETF worth $25,997,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SCHA. Vantagepoint Investment Advisers LLC bought a new position in Schwab US Small-Cap ETF during the 3rd quarter worth about $58,384,000. Corient Private Wealth LLC increased its holdings in Schwab US Small-Cap ETF by 105.1% during the 2nd quarter. Corient Private Wealth LLC now owns 2,427,258 shares of the company’s stock worth $61,427,000 after purchasing an additional 1,243,640 shares in the last quarter. Bank of America Corp DE increased its holdings in Schwab US Small-Cap ETF by 5.3% during the 2nd quarter. Bank of America Corp DE now owns 19,019,095 shares of the company’s stock worth $481,183,000 after purchasing an additional 962,262 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Schwab US Small-Cap ETF by 151.5% during the 3rd quarter. New York Life Investment Management LLC now owns 1,350,769 shares of the company’s stock worth $37,686,000 after purchasing an additional 813,680 shares in the last quarter. Finally, FIDELIS iM LLC boosted its position in Schwab US Small-Cap ETF by 409.7% during the 4th quarter. FIDELIS iM LLC now owns 822,969 shares of the company’s stock worth $23,438,000 after acquiring an additional 661,509 shares during the last quarter.

Schwab US Small-Cap ETF Stock Up 2.1%

NYSEARCA:SCHA opened at $32.24 on Friday. Schwab US Small-Cap ETF has a twelve month low of $21.12 and a twelve month high of $32.44. The business has a 50 day moving average price of $30.03 and a two-hundred day moving average price of $29.24. The company has a market cap of $22.20 billion, a P/E ratio of 17.65 and a beta of 1.09.

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.