Alliance Wealth Management Group Has $6.88 Million Stock Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Alliance Wealth Management Group reduced its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHBGet Rating) by 15.5% during the third quarter, HoldingsChannel.com reports. The fund owned 163,916 shares of the company’s stock after selling 30,078 shares during the quarter. Schwab US Broad Market ETF makes up approximately 2.7% of Alliance Wealth Management Group’s investment portfolio, making the stock its 14th largest position. Alliance Wealth Management Group’s holdings in Schwab US Broad Market ETF were worth $6,883,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its position in shares of Schwab US Broad Market ETF by 10.3% during the 2nd quarter. Wealthfront Advisers LLC now owns 30,967,559 shares of the company’s stock valued at $1,368,456,000 after acquiring an additional 2,891,008 shares during the last quarter. Milliman Financial Risk Management LLC grew its position in shares of Schwab US Broad Market ETF by 2.5% in the 3rd quarter. Milliman Financial Risk Management LLC now owns 3,294,953 shares of the company’s stock worth $138,355,000 after buying an additional 81,617 shares during the period. Hengehold Capital Management LLC grew its position in Schwab US Broad Market ETF by 21.3% during the 2nd quarter. Hengehold Capital Management LLC now owns 2,338,226 shares of the company’s stock valued at $103,326,000 after purchasing an additional 410,384 shares during the last quarter. Callan Capital LLC raised its stake in shares of Schwab US Broad Market ETF by 6.5% in the second quarter. Callan Capital LLC now owns 2,207,606 shares of the company’s stock worth $97,554,000 after purchasing an additional 134,369 shares during the last quarter. Finally, Spectrum Management Group LLC purchased a new stake in Schwab US Broad Market ETF in the third quarter worth approximately $88,092,000.

Schwab US Broad Market ETF Stock Down 1.5 %

Shares of SCHB stock traded down $0.70 during trading hours on Wednesday, reaching $46.38. 246,471 shares of the company traded hands, compared to its average volume of 998,811. Schwab US Broad Market ETF has a 12-month low of $40.92 and a 12-month high of $54.67. The firm has a 50-day moving average price of $46.00 and a 200 day moving average price of $45.93.

Schwab US Broad Market ETF Company Profile

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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.

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Institutional Ownership by Quarter for Schwab US Broad Market ETF (NYSEARCA:SCHB)

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