Summit Financial Strategies Inc. Sells 31,452 Shares of Schwab US Small-Cap ETF $SCHA

Summit Financial Strategies Inc. lowered its stake in shares of Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 998,798 shares of the company’s stock after selling 31,452 shares during the quarter. Schwab US Small-Cap ETF makes up approximately 2.4% of Summit Financial Strategies Inc.’s holdings, making the stock its 13th biggest holding. Summit Financial Strategies Inc.’s holdings in Schwab US Small-Cap ETF were worth $27,866,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Empower Advisory Group LLC lifted its position in shares of Schwab US Small-Cap ETF by 26.7% during the second quarter. Empower Advisory Group LLC now owns 33,442,998 shares of the company’s stock worth $846,108,000 after purchasing an additional 7,049,998 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Schwab US Small-Cap ETF by 67.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,652,197 shares of the company’s stock worth $121,329,000 after purchasing an additional 1,869,642 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Schwab US Small-Cap ETF by 219.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,549,130 shares of the company’s stock worth $59,726,000 after buying an additional 1,750,900 shares in the last quarter. RMG Wealth Management LLC acquired a new position in Schwab US Small-Cap ETF during the 2nd quarter worth $36,040,000. Finally, Corient Private Wealth LLC boosted its position in Schwab US Small-Cap ETF by 105.1% in the 2nd quarter. Corient Private Wealth LLC now owns 2,427,258 shares of the company’s stock valued at $61,427,000 after buying an additional 1,243,640 shares during the last quarter.

Schwab US Small-Cap ETF Stock Performance

NYSEARCA SCHA opened at $28.80 on Monday. The stock has a market capitalization of $19.83 billion, a P/E ratio of 17.65 and a beta of 1.13. Schwab US Small-Cap ETF has a 52 week low of $20.04 and a 52 week high of $29.60. The stock has a fifty day moving average of $28.34 and a 200-day moving average of $27.37.

About Schwab US Small-Cap ETF

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.