Equita Financial Network Inc. Has $5.86 Million Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Equita Financial Network Inc. lowered its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 16.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,192 shares of the company’s stock after selling 18,206 shares during the quarter. Schwab US Broad Market ETF comprises 2.4% of Equita Financial Network Inc.’s investment portfolio, making the stock its 14th biggest holding. Equita Financial Network Inc.’s holdings in Schwab US Broad Market ETF were worth $5,859,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SCHB. Bruce G. Allen Investments LLC bought a new stake in Schwab US Broad Market ETF during the second quarter valued at $29,000. GAMMA Investing LLC bought a new stake in Schwab US Broad Market ETF during the second quarter valued at $30,000. Johnson Financial Group Inc. boosted its position in Schwab US Broad Market ETF by 76.3% during the fourth quarter. Johnson Financial Group Inc. now owns 737 shares of the company’s stock valued at $41,000 after acquiring an additional 319 shares during the last quarter. Scarborough Advisors LLC bought a new stake in Schwab US Broad Market ETF during the fourth quarter valued at $43,000. Finally, Principal Securities Inc. bought a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth about $46,000.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock traded up $0.59 on Friday, reaching $65.36. 759,783 shares of the company were exchanged, compared to its average volume of 786,825. The company has a market cap of $30.05 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. The company has a 50-day moving average of $63.55 and a 200-day moving average of $61.43. Schwab US Broad Market ETF has a one year low of $47.46 and a one year high of $65.57.

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.