Schwab US Broad Market ETF $SCHB Holdings Lessened by Madden Advisory Services Inc.

Madden Advisory Services Inc. reduced its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 732,882 shares of the company’s stock after selling 25,110 shares during the quarter. Schwab US Broad Market ETF makes up approximately 7.3% of Madden Advisory Services Inc.’s investment portfolio, making the stock its 2nd biggest position. Madden Advisory Services Inc. owned approximately 0.05% of Schwab US Broad Market ETF worth $18,842,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Gallagher Fiduciary Advisors LLC raised its stake in shares of Schwab US Broad Market ETF by 2,295.8% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 64,764,324 shares of the company’s stock worth $1,543,334,000 after buying an additional 62,061,116 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Schwab US Broad Market ETF during the 2nd quarter valued at approximately $161,574,000. AlphaCore Capital LLC increased its holdings in Schwab US Broad Market ETF by 1,400.4% in the 2nd quarter. AlphaCore Capital LLC now owns 5,953,464 shares of the company’s stock worth $141,871,000 after acquiring an additional 5,556,673 shares in the last quarter. Weaver Capital Management LLC purchased a new stake in Schwab US Broad Market ETF in the 3rd quarter worth approximately $35,322,000. Finally, Rebalance LLC raised its stake in Schwab US Broad Market ETF by 10.0% during the 3rd quarter. Rebalance LLC now owns 14,480,067 shares of the company’s stock worth $372,283,000 after acquiring an additional 1,320,879 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $26.79 on Monday. The company has a market capitalization of $38.98 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1-year low of $18.52 and a 1-year high of $26.83. The firm’s 50 day simple moving average is $26.18 and its two-hundred day simple moving average is $25.42.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.