Islay Capital Management LLC Lowers Stock Position in Schwab US Broad Market ETF $SCHB

Islay Capital Management LLC lessened its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 42.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,153 shares of the company’s stock after selling 113,701 shares during the quarter. Schwab US Broad Market ETF accounts for about 2.3% of Islay Capital Management LLC’s holdings, making the stock its 13th biggest holding. Islay Capital Management LLC’s holdings in Schwab US Broad Market ETF were worth $3,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Rebalance LLC boosted its stake in Schwab US Broad Market ETF by 3.3% during the fourth quarter. Rebalance LLC now owns 14,963,211 shares of the company’s stock worth $392,485,000 after buying an additional 483,144 shares during the period. HighTower Advisors LLC boosted its stake in shares of Schwab US Broad Market ETF by 11.0% in the fourth quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock valued at $226,412,000 after purchasing an additional 854,800 shares during the period. Bouchey Financial Group Ltd boosted its stake in shares of Schwab US Broad Market ETF by 0.5% in the third quarter. Bouchey Financial Group Ltd now owns 8,318,386 shares of the company’s stock valued at $213,866,000 after purchasing an additional 42,459 shares during the period. Hanson & Doremus Investment Management boosted its stake in shares of Schwab US Broad Market ETF by 7.6% in the fourth quarter. Hanson & Doremus Investment Management now owns 7,007,872 shares of the company’s stock valued at $183,816,000 after purchasing an additional 493,815 shares during the period. Finally, Evergreen Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $161,772,000.

Schwab US Broad Market ETF Stock Performance

NYSEARCA SCHB opened at $29.19 on Tuesday. The firm has a 50 day simple moving average of $27.93 and a 200-day simple moving average of $26.84. Schwab US Broad Market ETF has a one year low of $22.88 and a one year high of $29.35. The firm has a market cap of $43.16 billion, a price-to-earnings 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.