Lowe Brockenbrough & Co. Inc. Trims Stock Position in Schwab US Broad Market ETF $SCHB

Lowe Brockenbrough & Co. Inc. lessened its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,090 shares of the company’s stock after selling 33,238 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Schwab US Broad Market ETF were worth $3,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. First Pacific Financial acquired a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $51,000. Golden State Wealth Management LLC increased its position in Schwab US Broad Market ETF by 4,138.9% during the second quarter. Golden State Wealth Management LLC now owns 2,289 shares of the company’s stock worth $55,000 after buying an additional 2,235 shares during the period. Addison Advisors LLC lifted its stake in Schwab US Broad Market ETF by 319.1% in the second quarter. Addison Advisors LLC now owns 2,364 shares of the company’s stock valued at $56,000 after buying an additional 1,800 shares during the last quarter. Frazier Financial Advisors LLC boosted its holdings in shares of Schwab US Broad Market ETF by 18.7% in the second quarter. Frazier Financial Advisors LLC now owns 2,756 shares of the company’s stock valued at $66,000 after acquiring an additional 434 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF in the second quarter valued at approximately $77,000.

Schwab US Broad Market ETF Price Performance

SCHB stock opened at $26.67 on Friday. The company has a market cap of $38.86 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The company has a fifty day moving average price of $26.49 and a 200 day moving average price of $25.77. Schwab US Broad Market ETF has a 12 month low of $18.52 and a 12 month high of $26.94.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.