Elgethun Capital Management Sells 107,827 Shares of Schwab US Broad Market ETF $SCHB

Elgethun Capital Management decreased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 16.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 531,780 shares of the company’s stock after selling 107,827 shares during the quarter. Schwab US Broad Market ETF accounts for 2.4% of Elgethun Capital Management’s holdings, making the stock its 13th largest position. Elgethun Capital Management’s holdings in Schwab US Broad Market ETF were worth $13,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ELCO Management Co. LLC increased its holdings in shares of Schwab US Broad Market ETF by 15.9% during the 3rd quarter. ELCO Management Co. LLC now owns 168,506 shares of the company’s stock worth $4,332,000 after purchasing an additional 23,150 shares during the period. Donaldson Capital Management LLC increased its holdings in shares of Schwab US Broad Market ETF by 14.3% during the 4th quarter. Donaldson Capital Management LLC now owns 192,702 shares of the company’s stock worth $5,055,000 after purchasing an additional 24,114 shares during the period. Sunburst Financial Group LLC increased its holdings in shares of Schwab US Broad Market ETF by 1.9% during the 4th quarter. Sunburst Financial Group LLC now owns 2,126,176 shares of the company’s stock worth $55,770,000 after purchasing an additional 39,321 shares during the period. Dorato Capital Management bought a new stake in Schwab US Broad Market ETF in the fourth quarter valued at about $2,500,000. Finally, Farrow Financial Inc. increased its stake in Schwab US Broad Market ETF by 47.1% in the fourth quarter. Farrow Financial Inc. now owns 83,285 shares of the company’s stock valued at $2,185,000 after acquiring an additional 26,673 shares during the period.

Schwab US Broad Market ETF Stock Down 0.7%

NYSEARCA SCHB opened at $29.11 on Thursday. The stock has a market cap of $43.04 billion, a P/E ratio of 25.08 and a beta of 1.02. The company’s 50-day simple moving average is $27.35 and its 200 day simple moving average is $26.67. Schwab US Broad Market ETF has a twelve month low of $22.81 and a twelve month high of $29.35.

Schwab US Broad Market ETF 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.