Schwab US Broad Market ETF $SCHB Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. trimmed its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 18.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,090 shares of the company’s stock after selling 33,238 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Schwab US Broad Market ETF were worth $3,679,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Austin Wealth Management LLC acquired a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at approximately $262,000. Smartleaf Asset Management LLC grew its holdings in Schwab US Broad Market ETF by 4.1% during the third quarter. Smartleaf Asset Management LLC now owns 32,716 shares of the company’s stock worth $839,000 after acquiring an additional 1,296 shares during the period. Prasad Wealth Partners LLC purchased a new position in Schwab US Broad Market ETF in the third quarter worth $200,000. Bond & Devick Financial Network Inc. lifted its holdings in Schwab US Broad Market ETF by 5.9% in the third quarter. Bond & Devick Financial Network Inc. now owns 575,937 shares of the company’s stock valued at $14,807,000 after acquiring an additional 32,129 shares during the period. Finally, Firestone Capital Management boosted its position in shares of Schwab US Broad Market ETF by 3.3% during the 3rd quarter. Firestone Capital Management now owns 254,350 shares of the company’s stock worth $6,539,000 after purchasing an additional 8,007 shares in the last quarter.

Schwab US Broad Market ETF Stock Up 2.1%

Shares of SCHB opened at $26.67 on Friday. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $26.94. The company has a 50-day simple moving average of $26.49 and a 200-day simple moving average of $25.77. The company has a market capitalization of $38.86 billion, a PE 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.