Summit Financial Strategies Inc. decreased its position in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 16.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,672,115 shares of the company’s stock after selling 510,921 shares during the quarter. Schwab US Broad Market ETF makes up approximately 5.3% of Summit Financial Strategies Inc.’s portfolio, making the stock its 6th largest holding. Summit Financial Strategies Inc.’s holdings in Schwab US Broad Market ETF were worth $67,070,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Financial Life Planners bought a new stake in shares of Schwab US Broad Market ETF during the 1st quarter worth $27,000. Birchwood Financial Partners Inc. bought a new position in Schwab US Broad Market ETF in the 4th quarter worth $28,000. Wiser Advisor Group LLC bought a new position in Schwab US Broad Market ETF in the 3rd quarter worth $29,000. Bayban acquired a new position in Schwab US Broad Market ETF during the 4th quarter worth $33,000. Finally, LRI Investments LLC acquired a new position in Schwab US Broad Market ETF during the 4th quarter worth $35,000.
Schwab US Broad Market ETF Stock Up 0.3%
SCHB stock traded up $0.09 during mid-day trading on Friday, reaching $29.18. 5,450,458 shares of the stock traded hands, compared to its average volume of 9,913,581. Schwab US Broad Market ETF has a 52 week low of $23.83 and a 52 week high of $29.35. The business has a 50-day moving average of $28.70 and a two-hundred day moving average of $27.18. The firm has a market capitalization of $43.58 billion, a PE 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.
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