IMA Advisory Services Inc. Has $21.36 Million Stake in Schwab US Broad Market ETF $SCHB

IMA Advisory Services Inc. reduced its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 830,952 shares of the company’s stock after selling 21,229 shares during the quarter. Schwab US Broad Market ETF comprises approximately 2.2% of IMA Advisory Services Inc.’s portfolio, making the stock its 12th biggest holding. IMA Advisory Services Inc.’s holdings in Schwab US Broad Market ETF were worth $21,364,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SCHB. Gallagher Fiduciary Advisors LLC increased its position in Schwab US Broad Market ETF by 2,295.8% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 64,764,324 shares of the company’s stock worth $1,543,334,000 after buying an additional 62,061,116 shares during the period. Rebalance LLC grew its stake in shares of Schwab US Broad Market ETF by 10.0% in the third quarter. Rebalance LLC now owns 14,480,067 shares of the company’s stock valued at $372,283,000 after acquiring an additional 1,320,879 shares in the last quarter. SCS Capital Management LLC increased its position in Schwab US Broad Market ETF by 2.7% during the second quarter. SCS Capital Management LLC now owns 12,223,396 shares of the company’s stock worth $291,284,000 after acquiring an additional 322,220 shares during the period. Strid Group LLC increased its position in Schwab US Broad Market ETF by 0.7% during the third quarter. Strid Group LLC now owns 8,716,201 shares of the company’s stock worth $224,094,000 after acquiring an additional 57,964 shares during the period. Finally, Bouchey Financial Group Ltd raised its stake in Schwab US Broad Market ETF by 0.5% in the 2nd quarter. Bouchey Financial Group Ltd now owns 8,275,927 shares of the company’s stock worth $197,215,000 after purchasing an additional 37,462 shares in the last quarter.

Schwab US Broad Market ETF Stock Down 1.6%

NYSEARCA SCHB opened at $26.29 on Friday. The firm has a 50-day moving average price of $26.51 and a two-hundred day moving average price of $25.82. Schwab US Broad Market ETF has a 12-month low of $18.52 and a 12-month high of $26.94. The company has a market capitalization of $38.30 billion, a P/E ratio of 25.08 and a beta of 1.02.

About Schwab US Broad Market ETF

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.