WT Wealth Management Has $29.46 Million Stock Position in Schwab US Broad Market ETF $SCHB

WT Wealth Management reduced its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,173,635 shares of the company’s stock after selling 19,633 shares during the quarter. Schwab US Broad Market ETF accounts for about 8.8% of WT Wealth Management’s investment portfolio, making the stock its largest position. WT Wealth Management owned 0.08% of Schwab US Broad Market ETF worth $29,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mayfair Advisory Group LLC grew its holdings in shares of Schwab US Broad Market ETF by 1.3% during the first quarter. Mayfair Advisory Group LLC now owns 116,155 shares of the company’s stock worth $2,915,000 after purchasing an additional 1,522 shares in the last quarter. Madrid Wealth Management LLC lifted its position in Schwab US Broad Market ETF by 2.5% during the first quarter. Madrid Wealth Management LLC now owns 37,857 shares of the company’s stock valued at $950,000 after purchasing an additional 916 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in Schwab US Broad Market ETF by 11.3% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 30,036 shares of the company’s stock worth $754,000 after buying an additional 3,039 shares in the last quarter. Morton Brown Family Wealth LLC grew its stake in Schwab US Broad Market ETF by 4.4% in the 1st quarter. Morton Brown Family Wealth LLC now owns 4,017,868 shares of the company’s stock worth $100,848,000 after buying an additional 170,427 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in Schwab US Broad Market ETF by 12.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 71,991 shares of the company’s stock worth $1,807,000 after buying an additional 8,246 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $28.34 on Friday. The company’s fifty day moving average price is $28.39 and its 200-day moving average price is $26.99. The firm has a market capitalization of $41.91 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a one year low of $23.56 and a one year high of $29.35.

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.