Schwab US Broad Market ETF $SCHB Shares Sold by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. reduced its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 59.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 26,559 shares of the company’s stock after selling 39,460 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in Schwab US Broad Market ETF were worth $683,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc lifted its holdings in Schwab US Broad Market ETF by 310.6% in the second quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock worth $26,000 after acquiring an additional 820 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Schwab US Broad Market ETF by 4,138.9% during the second quarter. Golden State Wealth Management LLC now owns 2,289 shares of the company’s stock valued at $55,000 after purchasing an additional 2,235 shares during the last quarter. Addison Advisors LLC raised its position in shares of Schwab US Broad Market ETF by 319.1% during the 2nd quarter. Addison Advisors LLC now owns 2,364 shares of the company’s stock worth $56,000 after purchasing an additional 1,800 shares during the period. Frazier Financial Advisors LLC lifted its holdings in shares of Schwab US Broad Market ETF by 18.7% in the 2nd quarter. Frazier Financial Advisors LLC now owns 2,756 shares of the company’s stock worth $66,000 after purchasing an additional 434 shares during the last quarter. Finally, Godsey & Gibb Inc. lifted its holdings in shares of Schwab US Broad Market ETF by 37.7% in the 2nd quarter. Godsey & Gibb Inc. now owns 2,895 shares of the company’s stock worth $69,000 after purchasing an additional 792 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

NYSEARCA:SCHB opened at $26.58 on Friday. The firm has a market capitalization of $38.67 billion, a P/E ratio of 25.08 and a beta of 1.02. The business has a 50 day simple moving average of $26.11 and a 200 day simple moving average of $25.17. Schwab US Broad Market ETF has a 12-month low of $18.52 and a 12-month high of $26.63.

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.