Tandem Investment Partners LLC Trims Stake in Schwab US Broad Market ETF $SCHB

Tandem Investment Partners LLC trimmed its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,194 shares of the company’s stock after selling 541 shares during the quarter. Tandem Investment Partners LLC’s holdings in Schwab US Broad Market ETF were worth $958,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SCHB. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF in the 1st quarter worth about $25,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Schwab US Broad Market ETF by 310.6% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock worth $26,000 after purchasing an additional 820 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF in the 1st quarter worth about $30,000. Curat Global LLC purchased a new position in shares of Schwab US Broad Market ETF in the 1st quarter worth about $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Schwab US Broad Market ETF in the 1st quarter worth about $32,000.

Schwab US Broad Market ETF Trading Up 0.0%

SCHB opened at $25.84 on Friday. The stock has a 50-day moving average price of $25.03 and a 200-day moving average price of $23.31. Schwab US Broad Market ETF has a 12-month low of $18.52 and a 12-month high of $25.99. The stock has a market capitalization of $37.54 billion, a P/E ratio of 25.08 and a beta of 1.03.

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.