HB Wealth Management LLC Decreases Stock Holdings in Schwab US Broad Market ETF $SCHB

HB Wealth Management LLC lowered its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,595,221 shares of the company’s stock after selling 93,398 shares during the period. Schwab US Broad Market ETF makes up approximately 1.1% of HB Wealth Management LLC’s holdings, making the stock its 15th biggest position. HB Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $165,540,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SCHB. BIP Wealth LLC grew its stake in shares of Schwab US Broad Market ETF by 5.6% during the 1st quarter. BIP Wealth LLC now owns 26,855 shares of the company’s stock valued at $674,000 after purchasing an additional 1,427 shares during the period. World Investment Advisors lifted its stake in shares of Schwab US Broad Market ETF by 26.1% in the 1st quarter. World Investment Advisors now owns 70,631 shares of the company’s stock worth $1,773,000 after purchasing an additional 14,600 shares during the period. Private Advisor Group LLC lifted its stake in shares of Schwab US Broad Market ETF by 2.2% in the 1st quarter. Private Advisor Group LLC now owns 344,957 shares of the company’s stock worth $8,658,000 after purchasing an additional 7,539 shares during the period. Elevation Point Wealth Partners LLC lifted its stake in shares of Schwab US Broad Market ETF by 339.4% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 45,006 shares of the company’s stock worth $1,130,000 after purchasing an additional 34,764 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in shares of Schwab US Broad Market ETF in the first quarter worth approximately $35,000.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB opened at $28.87 on Friday. The firm has a 50 day moving average of $28.55 and a 200 day moving average of $27.08. The firm has a market capitalization of $43.03 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12-month low of $23.83 and a 12-month high of $29.35.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.