Rialto Wealth Management LLC Sells 2,015 Shares of Schwab US Broad Market ETF $SCHB

Rialto Wealth Management LLC decreased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,377 shares of the company’s stock after selling 2,015 shares during the period. Schwab US Broad Market ETF accounts for approximately 0.8% of Rialto Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Rialto Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $2,892,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Foster Victor Wealth Advisors LLC raised its stake in shares of Schwab US Broad Market ETF by 1.5% in the second quarter. Foster Victor Wealth Advisors LLC now owns 28,669 shares of the company’s stock worth $691,000 after acquiring an additional 426 shares during the last quarter. SteelPeak Wealth LLC grew its stake in shares of Schwab US Broad Market ETF by 2.0% during the second quarter. SteelPeak Wealth LLC now owns 21,842 shares of the company’s stock valued at $521,000 after purchasing an additional 427 shares during the last quarter. Frazier Financial Advisors LLC grew its stake in shares of Schwab US Broad Market ETF by 18.7% during the second quarter. Frazier Financial Advisors LLC now owns 2,756 shares of the company’s stock valued at $66,000 after purchasing an additional 434 shares during the last quarter. ACT Wealth Management LLC increased its holdings in shares of Schwab US Broad Market ETF by 4.2% in the second quarter. ACT Wealth Management LLC now owns 11,200 shares of the company’s stock valued at $267,000 after purchasing an additional 447 shares in the last quarter. Finally, AA Financial Advisors LLC raised its position in Schwab US Broad Market ETF by 3.3% in the 2nd quarter. AA Financial Advisors LLC now owns 14,169 shares of the company’s stock worth $338,000 after purchasing an additional 452 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $25.84 on Friday. The stock’s fifty day moving average price is $25.68 and its two-hundred day moving average price is $24.20. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $26.57. The company has a market cap of $37.59 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

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.