SCS Capital Management LLC lowered its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,909,368 shares of the company’s stock after selling 290,555 shares during the quarter. Schwab US Broad Market ETF makes up 3.3% of SCS Capital Management LLC’s holdings, making the stock its 6th largest position. SCS Capital Management LLC’s holdings in Schwab US Broad Market ETF were worth $312,383,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Schwab US Broad Market ETF during the third quarter worth approximately $27,000. Wiser Advisor Group LLC purchased a new position in shares of Schwab US Broad Market ETF in the third quarter valued at approximately $29,000. LRI Investments LLC purchased a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $35,000. Basepoint Wealth LLC purchased a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $38,000. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $51,000.
Schwab US Broad Market ETF Price Performance
NYSEARCA SCHB opened at $29.17 on Monday. The company has a market cap of $43.13 billion, a PE ratio of 25.08 and a beta of 1.02. The stock’s 50 day simple moving average is $27.12 and its 200-day simple moving average is $26.60. Schwab US Broad Market ETF has a 1-year low of $22.48 and a 1-year high of $29.23.
Schwab US Broad Market ETF Company 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.
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