Sachetta LLC Reduces Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Sachetta LLC cut its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,097 shares of the company’s stock after selling 1,018 shares during the quarter. Schwab US Broad Market ETF makes up approximately 1.1% of Sachetta LLC’s portfolio, making the stock its 17th largest holding. Sachetta LLC’s holdings in Schwab US Broad Market ETF were worth $2,593,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHB. Bruce G. Allen Investments LLC purchased a new stake in shares of Schwab US Broad Market ETF in the second quarter worth about $29,000. GAMMA Investing LLC bought a new position in shares of Schwab US Broad Market ETF in the second quarter worth approximately $30,000. Johnson Financial Group Inc. increased its position in shares of Schwab US Broad Market ETF by 76.3% in the fourth quarter. Johnson Financial Group Inc. now owns 737 shares of the company’s stock worth $41,000 after purchasing an additional 319 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of Schwab US Broad Market ETF in the fourth quarter worth approximately $43,000. Finally, Principal Securities Inc. bought a new position in shares of Schwab US Broad Market ETF in the fourth quarter worth approximately $46,000.

Schwab US Broad Market ETF Trading Up 1.1 %

SCHB stock opened at $63.22 on Tuesday. The company’s 50 day moving average is $63.65 and its 200 day moving average is $61.68. The stock has a market cap of $29.06 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 1-year low of $47.46 and a 1-year high of $65.57.

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.