JMG Financial Group Ltd. reduced its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,375 shares of the company’s stock after selling 27,910 shares during the quarter. JMG Financial Group Ltd.’s holdings in Schwab US Broad Market ETF were worth $7,774,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in SCHB. Financial Life Planners bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter worth approximately $27,000. Wiser Advisor Group LLC bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter worth approximately $29,000. LRI Investments LLC bought a new stake in shares of Schwab US Broad Market ETF in the 4th quarter worth approximately $35,000. Basepoint Wealth LLC bought a new stake in shares of Schwab US Broad Market ETF in the 4th quarter worth approximately $38,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Schwab US Broad Market ETF in the 4th quarter worth approximately $51,000.
Schwab US Broad Market ETF Price Performance
NYSEARCA SCHB opened at $29.17 on Monday. The company’s 50 day simple moving average is $27.12 and its 200 day simple moving average is $26.60. Schwab US Broad Market ETF has a 12 month low of $22.48 and a 12 month high of $29.23. The company has a market capitalization of $43.13 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.
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