NewEdge Advisors LLC reduced its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 470,267 shares of the company’s stock after selling 21,422 shares during the quarter. NewEdge Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $11,804,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in Schwab US Broad Market ETF in the first quarter valued at approximately $27,000. Birchwood Financial Partners Inc. purchased a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth $28,000. Wiser Advisor Group LLC acquired a new stake in shares of Schwab US Broad Market ETF in the third quarter valued at $29,000. Bayban acquired a new stake in shares of Schwab US Broad Market ETF in the fourth quarter valued at $33,000. Finally, LRI Investments LLC purchased a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at $35,000.
Schwab US Broad Market ETF Trading Up 0.8%
SCHB stock opened at $29.90 on Friday. The business’s fifty day moving average price is $28.89 and its 200 day moving average price is $27.52. Schwab US Broad Market ETF has a 12-month low of $24.28 and a 12-month high of $30.01. The company has a market capitalization of $44.86 billion, a PE ratio of 25.08 and a beta of 1.02.
About Schwab US Broad Market ETF
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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