Smithbridge Asset Management Inc. DE Reduces Stake in Schwab US Broad Market ETF $SCHB

Smithbridge Asset Management Inc. DE reduced its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 51.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,127 shares of the company’s stock after selling 22,410 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Schwab US Broad Market ETF were worth $530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new position in shares of Schwab US Broad Market ETF in the 3rd quarter worth approximately $27,000. Birchwood Financial Partners Inc. purchased a new stake in Schwab US Broad Market ETF during the 4th quarter valued at $28,000. Wiser Advisor Group LLC purchased a new stake in Schwab US Broad Market ETF during the 3rd quarter valued at $29,000. Bayban purchased a new stake in Schwab US Broad Market ETF during the 4th quarter valued at $33,000. Finally, LRI Investments LLC bought a new stake in Schwab US Broad Market ETF in the fourth quarter worth $35,000.

Schwab US Broad Market ETF Stock Down 0.1%

NYSEARCA SCHB opened at $28.87 on Friday. The company has a fifty day moving average of $28.52 and a two-hundred day moving average of $27.06. The firm has a market capitalization of $43.03 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 52 week low of $23.83 and a 52 week 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.