Genesee Capital Advisors LLC Trims Stock Position in Schwab US Broad Market ETF $SCHB

Genesee Capital Advisors LLC decreased its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,447,563 shares of the company’s stock after selling 66,850 shares during the period. Schwab US Broad Market ETF makes up approximately 16.2% of Genesee Capital Advisors LLC’s holdings, making the stock its largest holding. Genesee Capital Advisors LLC owned approximately 0.10% of Schwab US Broad Market ETF worth $37,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHB. Gallagher Fiduciary Advisors LLC raised its holdings in shares of Schwab US Broad Market ETF by 2,295.8% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 64,764,324 shares of the company’s stock valued at $1,543,334,000 after buying an additional 62,061,116 shares in the last quarter. Rebalance LLC raised its stake in shares of Schwab US Broad Market ETF by 10.0% during the third quarter. Rebalance LLC now owns 14,480,067 shares of the company’s stock worth $372,283,000 after acquiring an additional 1,320,879 shares in the last quarter. SCS Capital Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 2.7% in the 2nd quarter. SCS Capital Management LLC now owns 12,223,396 shares of the company’s stock worth $291,284,000 after acquiring an additional 322,220 shares during the last quarter. Strid Group LLC raised its position in Schwab US Broad Market ETF by 0.7% in the 3rd quarter. Strid Group LLC now owns 8,716,201 shares of the company’s stock worth $224,094,000 after purchasing an additional 57,964 shares during the period. Finally, Bouchey Financial Group Ltd increased its holdings in shares of Schwab US Broad Market ETF by 0.5% in the second quarter. Bouchey Financial Group Ltd now owns 8,275,927 shares of the company’s stock worth $197,215,000 after buying an additional 37,462 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock opened at $26.85 on Wednesday. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $26.89. The stock has a 50 day moving average price of $26.35 and a two-hundred day moving average price of $25.65. The company has a market capitalization of $39.13 billion, a P/E 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.