Econ Financial Services Corp Lowers Stake in Schwab US Broad Market ETF $SCHB

Econ Financial Services Corp trimmed its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,685 shares of the company’s stock after selling 2,689 shares during the period. Econ Financial Services Corp’s holdings in Schwab US Broad Market ETF were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. lifted its position in shares of Schwab US Broad Market ETF by 5.3% during the first quarter. Stratos Wealth Partners LTD. now owns 24,351 shares of the company’s stock valued at $524,000 after buying an additional 1,220 shares during the last quarter. Genesee Capital Advisors LLC lifted its position in shares of Schwab US Broad Market ETF by 1.6% during the second quarter. Genesee Capital Advisors LLC now owns 1,514,413 shares of the company’s stock valued at $36,088,000 after buying an additional 23,607 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Schwab US Broad Market ETF by 4.9% during the first quarter. Cetera Investment Advisers now owns 587,930 shares of the company’s stock valued at $12,658,000 after buying an additional 27,325 shares during the last quarter. J Hagan Capital Inc. acquired a new position in shares of Schwab US Broad Market ETF during the first quarter valued at about $2,768,000. Finally, Aspen Capital Management LLC acquired a new position in shares of Schwab US Broad Market ETF during the first quarter valued at about $206,000.

Schwab US Broad Market ETF Stock Up 0.1%

SCHB opened at $26.46 on Wednesday. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $26.54. The company has a market cap of $38.50 billion, a P/E ratio of 25.08 and a beta of 1.02. The firm’s 50-day moving average price is $25.48 and its 200-day moving average price is $23.90.

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.