Summit Financial Strategies Inc. Raises Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Summit Financial Strategies Inc. boosted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,399,541 shares of the company’s stock after purchasing an additional 31,623 shares during the quarter. Schwab US Broad Market ETF comprises 10.9% of Summit Financial Strategies Inc.’s portfolio, making the stock its 2nd largest holding. Summit Financial Strategies Inc. owned approximately 0.30% of Schwab US Broad Market ETF worth $87,989,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Rebalance LLC increased its position in Schwab US Broad Market ETF by 1.6% in the 2nd quarter. Rebalance LLC now owns 3,656,627 shares of the company’s stock worth $229,892,000 after buying an additional 55,848 shares during the period. Strid Group LLC raised its stake in Schwab US Broad Market ETF by 7.6% during the 2nd quarter. Strid Group LLC now owns 2,752,877 shares of the company’s stock valued at $173,073,000 after purchasing an additional 195,347 shares during the last quarter. Evergreen Advisors LLC raised its stake in Schwab US Broad Market ETF by 1.0% during the 4th quarter. Evergreen Advisors LLC now owns 2,206,888 shares of the company’s stock valued at $122,857,000 after purchasing an additional 21,689 shares during the last quarter. Callan Capital LLC boosted its holdings in Schwab US Broad Market ETF by 2.1% in the 4th quarter. Callan Capital LLC now owns 2,125,616 shares of the company’s stock valued at $118,333,000 after purchasing an additional 43,432 shares during the period. Finally, Hanson & Doremus Investment Management increased its holdings in shares of Schwab US Broad Market ETF by 1.2% during the 1st quarter. Hanson & Doremus Investment Management now owns 1,921,202 shares of the company’s stock worth $117,289,000 after purchasing an additional 22,419 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of SCHB traded up $0.13 on Friday, reaching $64.17. 602,235 shares of the stock traded hands, compared to its average volume of 796,535. The stock’s 50-day moving average price is $63.13 and its 200-day moving average price is $60.92. The firm has a market cap of $29.50 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $47.46 and a 12 month high of $65.57.

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.