Summit Financial Strategies Inc. Sells 172,061 Shares of Schwab US Small-Cap ETF $SCHA

Summit Financial Strategies Inc. decreased its holdings in shares of Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 18.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 740,763 shares of the company’s stock after selling 172,061 shares during the period. Schwab US Small-Cap ETF accounts for about 1.7% of Summit Financial Strategies Inc.’s portfolio, making the stock its 16th largest position. Summit Financial Strategies Inc. owned 0.11% of Schwab US Small-Cap ETF worth $21,541,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SCHA. Morton Brown Family Wealth LLC purchased a new stake in shares of Schwab US Small-Cap ETF in the 4th quarter worth approximately $30,000. Tompkins Financial Corp increased its holdings in Schwab US Small-Cap ETF by 1,982.7% during the fourth quarter. Tompkins Financial Corp now owns 1,083 shares of the company’s stock valued at $31,000 after buying an additional 1,031 shares during the period. International Assets Investment Management LLC purchased a new position in Schwab US Small-Cap ETF during the fourth quarter valued at approximately $31,000. Stephens Consulting LLC increased its holdings in Schwab US Small-Cap ETF by 3,108.3% during the fourth quarter. Stephens Consulting LLC now owns 1,155 shares of the company’s stock valued at $33,000 after buying an additional 1,119 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in Schwab US Small-Cap ETF in the fourth quarter worth approximately $34,000.

Schwab US Small-Cap ETF Stock Performance

NYSEARCA:SCHA traded down $0.06 during trading hours on Friday, reaching $34.91. The company’s stock had a trading volume of 1,829,446 shares, compared to its average volume of 2,806,447. The stock has a 50 day moving average price of $34.12 and a two-hundred day moving average price of $31.54. The company has a market capitalization of $24.04 billion, a P/E ratio of 17.65 and a beta of 1.09. Schwab US Small-Cap ETF has a 12 month low of $24.95 and a 12 month high of $36.20.

Schwab US Small-Cap ETF Company Profile

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.