Schwab US Broad Market ETF $SCHB Position Cut by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC decreased its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,106,134 shares of the company’s stock after selling 40,971 shares during the quarter. Schwab US Broad Market ETF accounts for approximately 1.9% of HBK Sorce Advisory LLC’s portfolio, making the stock its 7th largest position. HBK Sorce Advisory LLC owned about 0.21% of Schwab US Broad Market ETF worth $82,841,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SCHB. Evergreen Advisors LLC purchased a new stake in shares of Schwab US Broad Market ETF during the fourth quarter worth $161,772,000. Caprock Group LLC purchased a new stake in shares of Schwab US Broad Market ETF during the third quarter worth $54,987,000. Boulder Wealth Advisors LLC purchased a new stake in shares of Schwab US Broad Market ETF during the third quarter worth $40,435,000. CWM LLC increased its position in shares of Schwab US Broad Market ETF by 304.7% during the fourth quarter. CWM LLC now owns 1,648,774 shares of the company’s stock worth $43,247,000 after acquiring an additional 1,241,374 shares during the period. Finally, Modern Wealth Management LLC increased its position in shares of Schwab US Broad Market ETF by 422.7% during the third quarter. Modern Wealth Management LLC now owns 1,518,936 shares of the company’s stock worth $39,052,000 after acquiring an additional 1,228,327 shares during the period.

Schwab US Broad Market ETF Stock Performance

Schwab US Broad Market ETF stock opened at $28.73 on Monday. The stock’s fifty day simple moving average is $26.79 and its 200-day simple moving average is $26.50. Schwab US Broad Market ETF has a twelve month low of $22.16 and a twelve month high of $28.85. The firm has a market capitalization of $42.48 billion, a P/E ratio of 25.08 and a beta of 1.02.

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.