Schwab US Small-Cap ETF $SCHA Shares Sold by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. trimmed its holdings in Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 14.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 634,987 shares of the company’s stock after selling 105,776 shares during the period. Schwab US Small-Cap ETF makes up about 1.6% of Summit Financial Strategies Inc.’s holdings, making the stock its 16th largest holding. Summit Financial Strategies Inc.’s holdings in Schwab US Small-Cap ETF were worth $22,942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Valpey Financial Services LLC lifted its stake in shares of Schwab US Small-Cap ETF by 2,689.1% in the 4th quarter. Valpey Financial Services LLC now owns 3,638,749 shares of the company’s stock valued at $103,632,000 after purchasing an additional 3,508,286 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Schwab US Small-Cap ETF by 164.9% in the 4th quarter. Corient Private Wealth LLC now owns 3,613,460 shares of the company’s stock valued at $102,911,000 after buying an additional 2,249,591 shares during the period. 93 Financial Group LLC acquired a new position in Schwab US Small-Cap ETF in the fourth quarter valued at about $47,509,000. Bank of America Corp DE boosted its stake in Schwab US Small-Cap ETF by 5.3% during the second quarter. Bank of America Corp DE now owns 19,019,095 shares of the company’s stock worth $481,183,000 after buying an additional 962,262 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of Schwab US Small-Cap ETF during the third quarter valued at about $18,024,000.

Schwab US Small-Cap ETF Stock Performance

Schwab US Small-Cap ETF stock opened at $34.46 on Wednesday. The company’s 50 day simple moving average is $34.52 and its 200-day simple moving average is $32.86. Schwab US Small-Cap ETF has a 1 year low of $26.45 and a 1 year high of $36.20. The company has a market capitalization of $23.73 billion, a price-to-earnings ratio of 17.65 and a beta of 1.10.

About Schwab US Small-Cap ETF

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.