Lodestar Private Asset Management LLC Sells 24,333 Shares of Schwab US Broad Market ETF $SCHB

Lodestar Private Asset Management LLC lessened its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.0% during the first quarter, Holdings Channel reports. The firm owned 578,083 shares of the company’s stock after selling 24,333 shares during the quarter. Schwab US Broad Market ETF makes up about 1.4% of Lodestar Private Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Lodestar Private Asset Management LLC’s holdings in Schwab US Broad Market ETF were worth $14,510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Financial Life Planners bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter worth approximately $27,000. Birchwood Financial Partners Inc. bought a new position in shares of Schwab US Broad Market ETF during the fourth quarter valued at approximately $28,000. Wiser Advisor Group LLC purchased a new stake in Schwab US Broad Market ETF in the third quarter worth $29,000. Bayban purchased a new stake in Schwab US Broad Market ETF in the fourth quarter worth $33,000. Finally, LRI Investments LLC bought a new stake in Schwab US Broad Market ETF in the fourth quarter valued at $35,000.

Schwab US Broad Market ETF Price Performance

NYSEARCA:SCHB opened at $28.87 on Friday. The firm’s fifty day simple moving average is $28.55 and its 200 day simple moving average is $27.08. The stock has a market cap of $43.03 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a twelve month low of $23.83 and a twelve month high of $29.35.

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.