Kestra Advisory Services LLC lowered its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 13.2% during the first quarter, Holdings Channel.com reports. The firm owned 355,039 shares of the company’s stock after selling 53,837 shares during the quarter. Kestra Advisory Services LLC’s holdings in Schwab US Broad Market ETF were worth $8,911,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in Schwab US Broad Market ETF in the first quarter worth about $27,000. Birchwood Financial Partners Inc. bought a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at about $28,000. Wiser Advisor Group LLC bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $29,000. Bayban bought a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at about $33,000. Finally, LRI Investments LLC purchased a new position in shares of Schwab US Broad Market ETF in the 4th quarter worth approximately $35,000.
Schwab US Broad Market ETF Stock Down 0.8%
NYSEARCA SCHB opened at $28.96 on Tuesday. The firm has a market cap of $43.25 billion, a PE ratio of 25.08 and a beta of 1.02. The company has a 50 day moving average price of $28.73 and a 200 day moving average price of $27.20. Schwab US Broad Market ETF has a 52 week low of $23.83 and a 52 week high of $29.35.
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.
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