Schwab US Broad Market ETF $SCHB is Pullen Investment Management LLC’s 3rd Largest Position

Pullen Investment Management LLC cut its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 12.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 201,520 shares of the company’s stock after selling 28,429 shares during the quarter. Schwab US Broad Market ETF accounts for 2.9% of Pullen Investment Management LLC’s investment portfolio, making the stock its 3rd largest position. Pullen Investment Management LLC’s holdings in Schwab US Broad Market ETF were worth $4,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHB. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab US Broad Market ETF in the second quarter valued at approximately $161,574,000. Kestra Advisory Services LLC increased its position in shares of Schwab US Broad Market ETF by 1,807.0% in the first quarter. Kestra Advisory Services LLC now owns 2,008,516 shares of the company’s stock valued at $47,421,000 after buying an additional 1,903,192 shares in the last quarter. Capital Management Associates Inc increased its position in shares of Schwab US Broad Market ETF by 107.6% in the first quarter. Capital Management Associates Inc now owns 3,527,282 shares of the company’s stock valued at $75,942,000 after buying an additional 1,828,084 shares in the last quarter. SCS Capital Management LLC increased its position in shares of Schwab US Broad Market ETF by 16.6% in the first quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock valued at $256,232,000 after buying an additional 1,697,159 shares in the last quarter. Finally, Rebalance LLC increased its position in shares of Schwab US Broad Market ETF by 10.1% in the second quarter. Rebalance LLC now owns 13,159,188 shares of the company’s stock valued at $313,583,000 after buying an additional 1,209,350 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Schwab US Broad Market ETF stock opened at $26.13 on Friday. The stock has a market capitalization of $38.02 billion, a PE ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 12 month low of $18.52 and a 12 month high of $26.20. The business has a 50 day simple moving average of $25.41 and a 200-day simple moving average of $23.80.

Schwab US Broad Market ETF Company 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.