Schwab US Broad Market ETF $SCHB Shares Sold by Islay Capital Management LLC

Islay Capital Management LLC reduced its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 42.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,153 shares of the company’s stock after selling 113,701 shares during the period. Schwab US Broad Market ETF accounts for about 2.3% of Islay Capital Management LLC’s holdings, making the stock its 13th biggest holding. Islay Capital Management LLC’s holdings in Schwab US Broad Market ETF were worth $3,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in Schwab US Broad Market ETF during the third quarter worth about $27,000. Wiser Advisor Group LLC acquired a new stake in Schwab US Broad Market ETF during the third quarter worth about $29,000. LRI Investments LLC purchased a new position in Schwab US Broad Market ETF during the fourth quarter worth about $35,000. Basepoint Wealth LLC purchased a new position in Schwab US Broad Market ETF during the fourth quarter worth about $38,000. Finally, Godfrey Financial Associates Inc. purchased a new position in Schwab US Broad Market ETF during the fourth quarter worth about $51,000.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $29.19 on Tuesday. The firm has a market cap of $43.16 billion, a PE ratio of 25.08 and a beta of 1.02. The company has a 50-day moving average of $27.93 and a two-hundred day moving average of $26.84. Schwab US Broad Market ETF has a 1-year low of $22.88 and a 1-year 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.