Hanson McClain Inc. cut its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,016 shares of the company’s stock after selling 174 shares during the quarter. Hanson McClain Inc.’s holdings in Schwab US Broad Market ETF were worth $918,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ellis Investment Partners LLC bought a new position in Schwab US Broad Market ETF during the first quarter worth $27,000. Gradient Investments LLC lifted its stake in Schwab US Broad Market ETF by 280.0% during the second quarter. Gradient Investments LLC now owns 494 shares of the company’s stock worth $35,000 after purchasing an additional 364 shares during the last quarter. Advisory Alpha LLC bought a new position in Schwab US Broad Market ETF during the first quarter worth $37,000. Astor Investment Management LLC bought a new stake in Schwab US Broad Market ETF in the second quarter valued at $44,000. Finally, Financial Gravity Wealth Inc. bought a new stake in Schwab US Broad Market ETF in the first quarter valued at $45,000.
SCHB stock traded down $1.34 during mid-day trading on Monday, reaching $68.94. The company had a trading volume of 282,590 shares, compared to its average volume of 1,029,142. Schwab US Broad Market ETF has a one year low of $56.12 and a one year high of $72.63. The business has a 50-day moving average price of $71.25.
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.
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