Retirement Planning Group LLC Cuts Stake in Schwab US Broad Market ETF $SCHB

Retirement Planning Group LLC cut its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,086,268 shares of the company’s stock after selling 94,700 shares during the period. Schwab US Broad Market ETF accounts for approximately 0.8% of Retirement Planning Group LLC’s investment portfolio, making the stock its 18th biggest holding. Retirement Planning Group LLC owned about 0.07% of Schwab US Broad Market ETF worth $27,265,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SCHB. Evergreen Advisors LLC acquired a new position in Schwab US Broad Market ETF during the 4th quarter valued at about $161,772,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Schwab US Broad Market ETF in the fourth quarter worth about $77,479,000. Boulder Wealth Advisors LLC acquired a new stake in Schwab US Broad Market ETF in the third quarter worth about $40,435,000. Appalachian Capital Management Ltd acquired a new stake in Schwab US Broad Market ETF in the fourth quarter worth about $40,815,000. Finally, Focus Partners Wealth grew its stake in shares of Schwab US Broad Market ETF by 130.3% during the fourth quarter. Focus Partners Wealth now owns 2,626,053 shares of the company’s stock worth $68,881,000 after acquiring an additional 1,485,838 shares during the last quarter.

Schwab US Broad Market ETF Stock Down 0.8%

SCHB opened at $28.96 on Tuesday. Schwab US Broad Market ETF has a 52-week low of $23.83 and a 52-week high of $29.35. The company has a market cap of $43.25 billion, a P/E ratio of 25.08 and a beta of 1.02. The firm’s 50-day moving average price is $28.73 and its 200-day moving average price is $27.20.

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.