Schwab US Broad Market ETF $SCHB Stock Sold by Myecfo LLC

Myecfo LLC reduced its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,557,813 shares of the company’s stock after selling 19,242 shares during the quarter. Schwab US Broad Market ETF accounts for 28.3% of Myecfo LLC’s holdings, making the stock its largest holding. Myecfo LLC’s holdings in Schwab US Broad Market ETF were worth $74,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of SCHB. Financial Life Planners acquired a new position in shares of Schwab US Broad Market ETF in the first quarter valued at approximately $27,000. Markowski Investments purchased a new position in shares of Schwab US Broad Market ETF during the second quarter valued at approximately $31,000. Bayban purchased a new position in shares of Schwab US Broad Market ETF during the fourth quarter valued at approximately $33,000. Sound Income Strategies LLC purchased a new position in shares of Schwab US Broad Market ETF during the first quarter valued at approximately $35,000. Finally, Compass Financial Management LLC acquired a new stake in Schwab US Broad Market ETF during the second quarter worth approximately $38,000.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB opened at $29.50 on Thursday. Schwab US Broad Market ETF has a 1 year low of $24.28 and a 1 year high of $30.15. The firm’s 50 day moving average price is $29.64 and its 200 day moving average price is $28.67. The firm has a market cap of $44.76 billion, a P/E 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.