Schwab US Broad Market ETF $SCHB Position Lessened by Cape Investment Advisory Inc.

Cape Investment Advisory Inc. lowered its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 99.2% in the third quarter, HoldingsChannel reports. The firm owned 12,761 shares of the company’s stock after selling 1,570,252 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Schwab US Broad Market ETF were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GeoWealth Management LLC lifted its stake in Schwab US Broad Market ETF by 0.4% in the third quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock valued at $2,572,000 after buying an additional 388 shares during the last quarter. ARS Wealth Advisors Group LLC boosted its holdings in shares of Schwab US Broad Market ETF by 4.3% during the third quarter. ARS Wealth Advisors Group LLC now owns 9,779 shares of the company’s stock valued at $251,000 after acquiring an additional 405 shares during the period. Blue Trust Inc. grew its position in shares of Schwab US Broad Market ETF by 1.9% during the third quarter. Blue Trust Inc. now owns 22,375 shares of the company’s stock worth $575,000 after acquiring an additional 414 shares during the last quarter. Summit Place Financial Advisors LLC grew its position in shares of Schwab US Broad Market ETF by 1.1% during the third quarter. Summit Place Financial Advisors LLC now owns 40,789 shares of the company’s stock worth $1,049,000 after acquiring an additional 425 shares during the last quarter. Finally, Triangle Securities Wealth Management increased its holdings in shares of Schwab US Broad Market ETF by 0.4% in the 3rd quarter. Triangle Securities Wealth Management now owns 117,174 shares of the company’s stock worth $3,013,000 after acquiring an additional 431 shares during the period.

Schwab US Broad Market ETF Stock Down 1.4%

Shares of NYSEARCA:SCHB opened at $25.49 on Thursday. The company has a market cap of $37.14 billion, a PE ratio of 25.08 and a beta of 1.02. The company’s 50-day moving average price is $26.44 and its 200 day moving average price is $26.09. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $26.94.

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.