waypoint wealth counsel Lowers Stake in Schwab US Broad Market ETF $SCHB

waypoint wealth counsel reduced its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,030 shares of the company’s stock after selling 611 shares during the quarter. Schwab US Broad Market ETF accounts for approximately 1.2% of waypoint wealth counsel’s investment portfolio, making the stock its 17th biggest holding. waypoint wealth counsel’s holdings in Schwab US Broad Market ETF were worth $2,384,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SCHB. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab US Broad Market ETF during the 2nd quarter worth about $161,574,000. Kestra Advisory Services LLC boosted its stake in shares of Schwab US Broad Market ETF by 1,807.0% during the 1st quarter. Kestra Advisory Services LLC now owns 2,008,516 shares of the company’s stock worth $47,421,000 after acquiring an additional 1,903,192 shares in the last quarter. Capital Management Associates Inc boosted its stake in shares of Schwab US Broad Market ETF by 107.6% during the 1st quarter. Capital Management Associates Inc now owns 3,527,282 shares of the company’s stock worth $75,942,000 after acquiring an additional 1,828,084 shares in the last quarter. SCS Capital Management LLC boosted its stake in shares of Schwab US Broad Market ETF by 16.6% during the 1st quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock worth $256,232,000 after acquiring an additional 1,697,159 shares in the last quarter. Finally, Rebalance LLC boosted its stake in shares of Schwab US Broad Market ETF by 10.1% during the 2nd quarter. Rebalance LLC now owns 13,159,188 shares of the company’s stock worth $313,583,000 after acquiring an additional 1,209,350 shares in the last quarter.

Schwab US Broad Market ETF Stock Down 2.7%

SCHB stock opened at $25.20 on Friday. The company’s 50-day simple moving average is $25.17 and its 200-day simple moving average is $23.44. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $26.01. The firm has a market cap of $36.63 billion, a P/E ratio of 25.08 and a beta of 1.03.

Schwab US Broad Market ETF 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.