Hanseatic Management Services Inc. Invests $2.26 Million in Schwab US Small-Cap ETF $SCHA

Hanseatic Management Services Inc. bought a new position in Schwab US Small-Cap ETF (NYSEARCA:SCHA) during the 1st quarter, HoldingsChannel reports. The fund bought 77,684 shares of the company’s stock, valued at approximately $2,259,000. Schwab US Small-Cap ETF makes up 2.2% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 7th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Investment Research Partners LLC boosted its position in Schwab US Small-Cap ETF by 2.7% during the 4th quarter. Investment Research Partners LLC now owns 12,697 shares of the company’s stock valued at $362,000 after buying an additional 330 shares during the period. Rossby Financial LCC increased its position in shares of Schwab US Small-Cap ETF by 27.3% in the fourth quarter. Rossby Financial LCC now owns 1,586 shares of the company’s stock valued at $45,000 after acquiring an additional 340 shares during the period. Zhang Financial LLC raised its stake in shares of Schwab US Small-Cap ETF by 1.6% during the fourth quarter. Zhang Financial LLC now owns 22,176 shares of the company’s stock valued at $632,000 after acquiring an additional 359 shares during the last quarter. Geometric Wealth Advisors raised its stake in shares of Schwab US Small-Cap ETF by 2.2% during the fourth quarter. Geometric Wealth Advisors now owns 16,847 shares of the company’s stock valued at $480,000 after acquiring an additional 365 shares during the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in shares of Schwab US Small-Cap ETF by 1.3% during the fourth quarter. CWA Asset Management Group LLC now owns 30,700 shares of the company’s stock worth $874,000 after purchasing an additional 381 shares during the period.

Schwab US Small-Cap ETF Trading Down 0.6%

Schwab US Small-Cap ETF stock opened at $34.05 on Friday. The firm has a market cap of $23.44 billion, a P/E ratio of 17.65 and a beta of 1.09. Schwab US Small-Cap ETF has a 1-year low of $24.95 and a 1-year high of $36.20. The firm has a 50-day moving average of $34.24 and a 200-day moving average of $31.73.

About Schwab US Small-Cap ETF

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.