Schwab US Broad Market ETF $SCHB is Summit Financial Strategies Inc.’s 8th Largest Position

Summit Financial Strategies Inc. reduced its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 12.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,326,085 shares of the company’s stock after selling 346,030 shares during the quarter. Schwab US Broad Market ETF accounts for approximately 4.7% of Summit Financial Strategies Inc.’s portfolio, making the stock its 8th largest holding. Summit Financial Strategies Inc. owned 0.16% of Schwab US Broad Market ETF worth $67,363,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SCHB. HighTower Advisors LLC increased its stake in shares of Schwab US Broad Market ETF by 11.0% during the 4th quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock worth $226,412,000 after purchasing an additional 854,800 shares during the last quarter. Hanson & Doremus Investment Management grew its holdings in Schwab US Broad Market ETF by 0.5% during the first quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock valued at $176,733,000 after purchasing an additional 33,281 shares during the period. Evergreen Advisors LLC increased its holdings in Schwab US Broad Market ETF by 1.8% in the 1st quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock worth $157,632,000 after acquiring an additional 112,717 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in Schwab US Broad Market ETF by 2.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock valued at $129,179,000 after acquiring an additional 108,943 shares during the period. Finally, TruNorth Capital Management LLC boosted its position in Schwab US Broad Market ETF by 0.4% during the fourth quarter. TruNorth Capital Management LLC now owns 5,090,429 shares of the company’s stock worth $133,522,000 after purchasing an additional 19,118 shares during the period.

Schwab US Broad Market ETF Trading Down 0.5%

Shares of SCHB stock opened at $29.57 on Wednesday. The firm’s 50 day moving average is $29.31 and its 200 day moving average is $28.01. The stock has a market capitalization of $44.36 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $24.28 and a 12 month high of $30.15.

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.