Schwab US Broad Market ETF $SCHB Shares Sold by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC reduced its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 268,077 shares of the company’s stock after selling 19,222 shares during the period. Sax Wealth Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $7,857,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First Heartland Consultants Inc. acquired a new stake in shares of Schwab US Broad Market ETF during the third quarter worth $823,000. Capital & Planning LLC acquired a new position in Schwab US Broad Market ETF during the 2nd quarter worth approximately $875,000. Hamilton Wealth LLC acquired a new stake in shares of Schwab US Broad Market ETF during the 4th quarter valued at $1,108,000. Allworth Financial LP grew its holdings in shares of Schwab US Broad Market ETF by 6.2% during the second quarter. Allworth Financial LP now owns 1,809,502 shares of the company’s stock worth $52,403,000 after purchasing an additional 106,193 shares during the last quarter. Finally, Corient Private Wealth LP raised its stake in shares of Schwab US Broad Market ETF by 15.0% during the second quarter. Corient Private Wealth LP now owns 1,001,507 shares of the company’s stock valued at $29,004,000 after acquiring an additional 130,691 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB traded down $0.06 during midday trading on Tuesday, reaching $29.82. The stock had a trading volume of 3,890,603 shares, compared to its average volume of 9,080,514. The company’s 50 day moving average price is $29.64 and its 200 day moving average price is $28.61. Schwab US Broad Market ETF has a twelve month low of $24.28 and a twelve month high of $30.15. The firm has a market cap of $45.21 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

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.