Schwab US Broad Market ETF $SCHB Stock: Westover Capital Advisors LLC Cuts Stake

Westover Capital Advisors LLC lessened its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 99.5% in the 3rd quarter, Holdings Channel reports. The firm owned 7,014 shares of the company’s stock after selling 1,388,011 shares during the quarter. Westover Capital Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SCHB. Forvis Mazars Wealth Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF in the third quarter worth about $175,355,000. Capital & Planning LLC bought a new stake in shares of Schwab US Broad Market ETF during the 2nd quarter worth about $875,000. First Heartland Consultants Inc. bought a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter worth about $823,000. Allworth Financial LP increased its holdings in shares of Schwab US Broad Market ETF by 6.2% during the 2nd quarter. Allworth Financial LP now owns 1,809,502 shares of the company’s stock valued at $52,403,000 after acquiring an additional 106,193 shares during the last quarter. Finally, Corient Private Wealth LP increased its holdings in shares of Schwab US Broad Market ETF by 15.0% during the 2nd quarter. Corient Private Wealth LP now owns 1,001,507 shares of the company’s stock valued at $29,004,000 after acquiring an additional 130,691 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB opened at $29.58 on Wednesday. The business’s 50-day simple moving average is $29.56 and its 200-day simple moving average is $28.08. Schwab US Broad Market ETF has a 52 week low of $24.28 and a 52 week high of $30.15. The firm has a market cap of $44.95 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

Schwab US Broad Market ETF Company 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.