Schwab US Broad Market ETF $SCHB Stock Sold by Global Wealth Management LLC

Global Wealth Management LLC reduced its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 6.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 757,358 shares of the company’s stock after selling 53,241 shares during the period. Schwab US Broad Market ETF comprises 12.1% of Global Wealth Management LLC’s holdings, making the stock its largest position. Global Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $22,198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHB. Markowski Investments acquired a new position in Schwab US Broad Market ETF during the second quarter worth approximately $31,000. Financial Life Planners bought a new stake in Schwab US Broad Market ETF in the first quarter valued at approximately $27,000. Bayban acquired a new stake in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $33,000. Compass Financial Management LLC acquired a new stake in shares of Schwab US Broad Market ETF in the second quarter valued at approximately $38,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Schwab US Broad Market ETF in the first quarter valued at approximately $35,000.

Schwab US Broad Market ETF Trading Up 0.4%

Shares of NYSEARCA SCHB opened at $29.63 on Friday. Schwab US Broad Market ETF has a 12 month low of $24.28 and a 12 month high of $30.15. The stock has a 50 day moving average of $29.64 and a 200-day moving average of $28.71. The company has a market capitalization of $44.95 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.