Traphagen Investment Advisors LLC Reduces Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Traphagen Investment Advisors LLC reduced its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 87,419 shares of the company’s stock after selling 3,886 shares during the period. Traphagen Investment Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tucker Asset Management LLC boosted its stake in shares of Schwab US Broad Market ETF by 233.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after buying an additional 765 shares during the last quarter. Studio Investment Management LLC boosted its stake in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after buying an additional 728 shares during the last quarter. Promus Capital LLC purchased a new position in shares of Schwab US Broad Market ETF in the 4th quarter worth $25,000. Blume Capital Management Inc. lifted its position in Schwab US Broad Market ETF by 200.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock valued at $25,000 after purchasing an additional 741 shares in the last quarter. Finally, Wiser Advisor Group LLC lifted its position in Schwab US Broad Market ETF by 200.8% during the fourth quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 785 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA SCHB opened at $23.01 on Monday. The company has a market capitalization of $33.13 billion, a PE ratio of 23.87 and a beta of 1.03. The business’s fifty day moving average is $21.85 and its 200 day moving average is $22.43. Schwab US Broad Market ETF has a fifty-two week low of $18.53 and a fifty-two week high of $23.77.

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.