Schwab US Broad Market ETF $SCHB Holdings Lowered by WT Wealth Management

WT Wealth Management trimmed its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.6% in the first quarter, HoldingsChannel reports. The fund owned 1,173,635 shares of the company’s stock after selling 19,633 shares during the period. Schwab US Broad Market ETF makes up 8.8% of WT Wealth Management’s investment portfolio, making the stock its biggest position. WT Wealth Management’s holdings in Schwab US Broad Market ETF were worth $29,458,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SCHB. Financial Life Planners purchased a new stake in Schwab US Broad Market ETF during the third quarter valued at about $27,000. Birchwood Financial Partners Inc. purchased a new position in shares of Schwab US Broad Market ETF in the fourth quarter worth about $28,000. Wiser Advisor Group LLC bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $29,000. Bayban bought a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at about $33,000. Finally, LRI Investments LLC purchased a new stake in Schwab US Broad Market ETF during the 4th quarter valued at about $35,000.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $28.34 on Friday. The business has a 50-day moving average of $28.39 and a 200 day moving average of $26.99. Schwab US Broad Market ETF has a 1-year low of $23.56 and a 1-year high of $29.35. The stock has a market capitalization of $41.91 billion, a PE 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.