Exchange Capital Management Inc. Reduces Stake in Schwab US Broad Market ETF $SCHB

Exchange Capital Management Inc. lowered its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,842 shares of the company’s stock after selling 1,400 shares during the quarter. Exchange Capital Management Inc.’s holdings in Schwab US Broad Market ETF were worth $949,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Foster Victor Wealth Advisors LLC increased its holdings in Schwab US Broad Market ETF by 1.5% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 28,669 shares of the company’s stock worth $691,000 after acquiring an additional 426 shares during the period. ACT Wealth Management LLC grew its position in shares of Schwab US Broad Market ETF by 4.2% during the 2nd quarter. ACT Wealth Management LLC now owns 11,200 shares of the company’s stock valued at $267,000 after purchasing an additional 447 shares in the last quarter. AA Financial Advisors LLC grew its position in shares of Schwab US Broad Market ETF by 3.3% during the 2nd quarter. AA Financial Advisors LLC now owns 14,169 shares of the company’s stock valued at $338,000 after purchasing an additional 452 shares in the last quarter. Builder Investment Group Inc. ADV increased its holdings in shares of Schwab US Broad Market ETF by 1.7% in the second quarter. Builder Investment Group Inc. ADV now owns 30,131 shares of the company’s stock worth $718,000 after purchasing an additional 491 shares during the period. Finally, Apex Wealth Management LLC raised its position in shares of Schwab US Broad Market ETF by 3.0% in the first quarter. Apex Wealth Management LLC now owns 17,518 shares of the company’s stock worth $377,000 after buying an additional 509 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $25.84 on Friday. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $25.99. The stock has a fifty day moving average of $25.03 and a 200 day moving average of $23.30. The firm has a market capitalization of $37.54 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03.

About Schwab US Broad Market ETF

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.