FAS Wealth Partners Inc. Decreases Stake in Schwab US Broad Market ETF $SCHB

FAS Wealth Partners Inc. cut its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 17.2% in the 1st quarter, Holdings Channel reports. The fund owned 90,838 shares of the company’s stock after selling 18,806 shares during the period. FAS Wealth Partners Inc.’s holdings in Schwab US Broad Market ETF were worth $2,280,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Schwab US Broad Market ETF by 1,209.6% in the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock worth $5,190,000 after purchasing an additional 211,168 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Schwab US Broad Market ETF by 197.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after buying an additional 14,279 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Schwab US Broad Market ETF by 50.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,549,572 shares of the company’s stock worth $33,362,000 after buying an additional 518,984 shares during the last quarter. Schnieders Capital Management LLC. bought a new position in shares of Schwab US Broad Market ETF in the second quarter valued at $218,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Schwab US Broad Market ETF by 18.5% in the second quarter. Russell Investments Group Ltd. now owns 9,924 shares of the company’s stock valued at $236,000 after buying an additional 1,552 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA:SCHB opened at $29.27 on Tuesday. The company has a market capitalization of $43.91 billion, a PE ratio of 25.08 and a beta of 1.02. The stock has a fifty day moving average of $28.83 and a 200-day moving average of $27.44. Schwab US Broad Market ETF has a one year low of $24.11 and a one year high of $29.35.

Schwab US Broad Market ETF 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.