Precedent Wealth Partners LLC Reduces Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Precedent Wealth Partners LLC lessened its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 14,526 shares of the company’s stock after selling 645 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Schwab US Broad Market ETF were worth $313,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SCHB. Promus Capital LLC bought a new stake in Schwab US Broad Market ETF during the 4th quarter valued at $25,000. Blume Capital Management Inc. increased its position in Schwab US Broad Market ETF by 200.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock valued at $25,000 after buying an additional 741 shares in the last quarter. Tucker Asset Management LLC increased its holdings in shares of Schwab US Broad Market ETF by 233.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after purchasing an additional 765 shares during the period. Studio Investment Management LLC increased its holdings in shares of Schwab US Broad Market ETF by 200.0% in the fourth quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after purchasing an additional 728 shares during the period. Finally, Wiser Advisor Group LLC boosted its stake in shares of Schwab US Broad Market ETF by 200.8% in the fourth quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock worth $27,000 after buying an additional 785 shares during the last quarter.

Schwab US Broad Market ETF Stock Down 1.2%

Shares of SCHB opened at $23.01 on Monday. The company has a market capitalization of $33.13 billion, a price-to-earnings ratio of 23.87 and a beta of 1.03. The stock’s 50-day moving average price is $21.85 and its 200-day moving average price is $22.43. Schwab US Broad Market ETF has a 52 week low of $18.53 and a 52 week high of $23.77.

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.