Friedenthal Financial Reduces Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Friedenthal Financial reduced its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 90.5% during the 1st quarter, HoldingsChannel reports. The firm owned 6,997 shares of the company’s stock after selling 66,775 shares during the period. Friedenthal Financial’s holdings in Schwab US Broad Market ETF were worth $151,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its position in Schwab US Broad Market ETF by 218.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 79,613 shares of the company’s stock worth $1,807,000 after purchasing an additional 54,625 shares during the last quarter. Ameriprise Financial Inc. grew its position in Schwab US Broad Market ETF by 222.2% during the 4th quarter. Ameriprise Financial Inc. now owns 443,973 shares of the company’s stock worth $10,078,000 after purchasing an additional 306,174 shares during the last quarter. Quadrant Capital Group LLC grew its position in Schwab US Broad Market ETF by 118.4% during the 4th quarter. Quadrant Capital Group LLC now owns 173,141 shares of the company’s stock worth $3,930,000 after purchasing an additional 93,852 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Schwab US Broad Market ETF by 204.9% in the 4th quarter. Russell Investments Group Ltd. now owns 8,760 shares of the company’s stock worth $199,000 after acquiring an additional 5,887 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Schwab US Broad Market ETF by 419.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,155 shares of the company’s stock worth $299,000 after acquiring an additional 10,624 shares during the period.

Schwab US Broad Market ETF Stock Performance

SCHB stock opened at $23.05 on Thursday. Schwab US Broad Market ETF has a one year low of $18.53 and a one year high of $23.77. The stock has a market capitalization of $33.19 billion, a PE ratio of 23.87 and a beta of 1.03. The company has a fifty day moving average of $22.02 and a 200-day moving average of $22.44.

About Schwab US Broad Market ETF

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.