Schwab US Broad Market ETF $SCHB Shares Sold by Manchester Financial Inc.

Manchester Financial Inc. trimmed its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,432,268 shares of the company’s stock after selling 19,763 shares during the period. Schwab US Broad Market ETF accounts for approximately 16.8% of Manchester Financial Inc.’s investment portfolio, making the stock its biggest holding. Manchester Financial Inc.’s holdings in Schwab US Broad Market ETF were worth $90,028,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. MIdWestOne Financial Group Inc. lifted its holdings in shares of Schwab US Broad Market ETF by 19.2% during the 4th quarter. MIdWestOne Financial Group Inc. now owns 720,616 shares of the company’s stock valued at $18,902,000 after buying an additional 115,901 shares during the last quarter. PFC Capital Group Inc. acquired a new stake in shares of Schwab US Broad Market ETF during the 4th quarter valued at about $139,000. Dodds Wealth LLC lifted its holdings in shares of Schwab US Broad Market ETF by 5.6% during the 4th quarter. Dodds Wealth LLC now owns 984,749 shares of the company’s stock valued at $25,830,000 after buying an additional 52,623 shares during the last quarter. Legacy Capital Wealth Management LLC acquired a new stake in shares of Schwab US Broad Market ETF during the 4th quarter valued at about $376,000. Finally, Walter & Keenan Wealth Management LLC IN ADV raised its stake in shares of Schwab US Broad Market ETF by 1.9% in the 4th quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 337,829 shares of the company’s stock valued at $8,861,000 after acquiring an additional 6,452 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock opened at $28.55 on Friday. The stock’s 50 day simple moving average is $27.79 and its 200 day simple moving average is $26.80. Schwab US Broad Market ETF has a twelve month low of $22.88 and a twelve month high of $29.35. The company has a market capitalization of $42.22 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

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.