Breakwater Investment Management Has $22.81 Million Stock Position in Schwab US Broad Market ETF $SCHB

Breakwater Investment Management trimmed its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 887,200 shares of the company’s stock after selling 48,863 shares during the quarter. Schwab US Broad Market ETF accounts for 8.4% of Breakwater Investment Management’s holdings, making the stock its 2nd largest holding. Breakwater Investment Management owned about 0.06% of Schwab US Broad Market ETF worth $22,810,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Avantax Advisory Services Inc. grew its stake in Schwab US Broad Market ETF by 3.4% during the 2nd quarter. Avantax Advisory Services Inc. now owns 81,215 shares of the company’s stock worth $1,935,000 after buying an additional 2,664 shares during the last quarter. Genesee Capital Advisors LLC increased its position in Schwab US Broad Market ETF by 1.6% in the 2nd quarter. Genesee Capital Advisors LLC now owns 1,514,413 shares of the company’s stock valued at $36,088,000 after acquiring an additional 23,607 shares during the period. 17 Capital Partners LLC bought a new stake in Schwab US Broad Market ETF during the 2nd quarter valued at $204,000. Allworth Financial LP boosted its position in Schwab US Broad Market ETF by 0.8% during the 2nd quarter. Allworth Financial LP now owns 1,465,459 shares of the company’s stock worth $34,922,000 after acquiring an additional 12,248 shares during the period. Finally, Aspiring Ventures LLC grew its stake in shares of Schwab US Broad Market ETF by 2.7% in the second quarter. Aspiring Ventures LLC now owns 165,124 shares of the company’s stock worth $3,935,000 after purchasing an additional 4,360 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB opened at $26.16 on Tuesday. Schwab US Broad Market ETF has a one year low of $18.52 and a one year high of $26.57. The stock’s fifty day moving average is $25.99 and its 200-day moving average is $24.97. The firm has a market capitalization of $38.06 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.