Sage Financial Group Inc. Trims Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Sage Financial Group Inc. lessened its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,437 shares of the company’s stock after selling 660 shares during the quarter. Sage Financial Group Inc.’s holdings in Schwab US Broad Market ETF were worth $303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ironwood Wealth Management LLC. raised its stake in shares of Schwab US Broad Market ETF by 112.8% during the first quarter. Ironwood Wealth Management LLC. now owns 5,972 shares of the company’s stock valued at $319,000 after purchasing an additional 3,165 shares during the period. AMI Investment Management Inc. raised its stake in shares of Schwab US Broad Market ETF by 81.8% during the first quarter. AMI Investment Management Inc. now owns 67,978 shares of the company’s stock valued at $3,629,000 after purchasing an additional 30,577 shares in the last quarter. JPMorgan Chase & Co. raised its position in Schwab US Broad Market ETF by 1,065.3% in the first quarter. JPMorgan Chase & Co. now owns 18,400 shares of the company’s stock worth $983,000 after acquiring an additional 16,821 shares in the last quarter. Raymond James & Associates increased its stake in Schwab US Broad Market ETF by 134.8% in the 1st quarter. Raymond James & Associates now owns 73,871 shares of the company’s stock worth $3,944,000 after purchasing an additional 42,404 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Schwab US Broad Market ETF by 102.5% during the 1st quarter. Bank of New York Mellon Corp now owns 9,613 shares of the company’s stock valued at $513,000 after acquiring an additional 4,866 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB traded up $0.02 on Thursday, hitting $61.03. The company had a trading volume of 447,733 shares, compared to its average volume of 844,207. The company’s fifty day moving average price is $58.61 and its 200 day moving average price is $54.45. Schwab US Broad Market ETF has a 1-year low of $46.57 and a 1-year high of $61.12. The stock has a market cap of $27.19 billion, a price-to-earnings ratio of 17.59 and a beta of 1.03.

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.