SouthState Bank Corp Reduces Position in Schwab US Broad Market ETF $SCHB

SouthState Bank Corp trimmed its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 74.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,142 shares of the company’s stock after selling 89,736 shares during the period. SouthState Bank Corp’s holdings in Schwab US Broad Market ETF were worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHB. Gallagher Fiduciary Advisors LLC increased its holdings in shares of Schwab US Broad Market ETF by 2,295.8% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 64,764,324 shares of the company’s stock valued at $1,543,334,000 after purchasing an additional 62,061,116 shares during the period. AlphaCore Capital LLC increased its holdings in Schwab US Broad Market ETF by 1,400.4% in the 2nd quarter. AlphaCore Capital LLC now owns 5,953,464 shares of the company’s stock worth $141,871,000 after buying an additional 5,556,673 shares during the period. Weaver Capital Management LLC acquired a new position in Schwab US Broad Market ETF in the 3rd quarter worth approximately $35,322,000. Rebalance LLC raised its position in Schwab US Broad Market ETF by 10.0% during the 3rd quarter. Rebalance LLC now owns 14,480,067 shares of the company’s stock worth $372,283,000 after buying an additional 1,320,879 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its stake in Schwab US Broad Market ETF by 31.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 5,468,240 shares of the company’s stock valued at $130,308,000 after acquiring an additional 1,304,073 shares during the period.

Schwab US Broad Market ETF Price Performance

SCHB stock opened at $26.11 on Friday. The company has a market capitalization of $38.04 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $18.52 and a 12 month high of $26.94. The firm’s fifty day simple moving average is $26.48 and its 200-day simple moving average is $25.74.

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.