Schwab US Broad Market ETF $SCHB Stock Holdings Trimmed by Valley National Advisers Inc.

Valley National Advisers Inc. lessened its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,077,066 shares of the company’s stock after selling 34,335 shares during the quarter. Schwab US Broad Market ETF comprises approximately 4.3% of Valley National Advisers Inc.’s holdings, making the stock its 2nd biggest holding. Valley National Advisers Inc.’s holdings in Schwab US Broad Market ETF were worth $27,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gallagher Fiduciary Advisors LLC raised its position in shares of Schwab US Broad Market ETF by 2,295.8% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 64,764,324 shares of the company’s stock worth $1,543,334,000 after buying an additional 62,061,116 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Schwab US Broad Market ETF during the second quarter worth about $161,574,000. AlphaCore Capital LLC increased its stake in Schwab US Broad Market ETF by 1,400.4% during the second quarter. AlphaCore Capital LLC now owns 5,953,464 shares of the company’s stock worth $141,871,000 after acquiring an additional 5,556,673 shares during the last quarter. SCS Capital Management LLC raised its holdings in shares of Schwab US Broad Market ETF by 16.6% in the 1st quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock worth $256,232,000 after purchasing an additional 1,697,159 shares during the period. Finally, Rebalance LLC lifted its stake in shares of Schwab US Broad Market ETF by 10.0% in the 3rd quarter. Rebalance LLC now owns 14,480,067 shares of the company’s stock valued at $372,283,000 after purchasing an additional 1,320,879 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA:SCHB opened at $26.58 on Friday. The stock has a 50-day simple moving average of $26.11 and a 200-day simple moving average of $25.17. The stock has a market capitalization of $38.67 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $26.63.

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.