Kingswood Wealth Advisors LLC Reduces Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Kingswood Wealth Advisors LLC lessened its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,375 shares of the company’s stock after selling 594 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $1,218,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in Schwab US Broad Market ETF by 3.7% in the first quarter. Larson Financial Group LLC now owns 4,776 shares of the company’s stock worth $292,000 after acquiring an additional 170 shares during the period. Valeo Financial Advisors LLC lifted its stake in Schwab US Broad Market ETF by 4.1% in the first quarter. Valeo Financial Advisors LLC now owns 4,708 shares of the company’s stock worth $277,000 after acquiring an additional 185 shares during the period. Hendershot Investments Inc. lifted its stake in Schwab US Broad Market ETF by 0.7% in the first quarter. Hendershot Investments Inc. now owns 28,063 shares of the company’s stock worth $1,713,000 after acquiring an additional 186 shares during the period. Foster Victor Wealth Advisors LLC lifted its stake in Schwab US Broad Market ETF by 2.5% in the first quarter. Foster Victor Wealth Advisors LLC now owns 7,874 shares of the company’s stock worth $475,000 after acquiring an additional 190 shares during the period. Finally, Evolution Advisers Inc. lifted its stake in Schwab US Broad Market ETF by 33.8% in the fourth quarter. Evolution Advisers Inc. now owns 756 shares of the company’s stock worth $42,000 after acquiring an additional 191 shares during the period.

Schwab US Broad Market ETF Stock Performance

SCHB stock traded down $0.43 on Wednesday, reaching $60.06. The company’s stock had a trading volume of 1,043,978 shares, compared to its average volume of 803,942. The business has a fifty day simple moving average of $62.98 and a two-hundred day simple moving average of $60.63. Schwab US Broad Market ETF has a 12-month low of $47.46 and a 12-month high of $65.57. The firm has a market cap of $27.61 billion, a PE ratio of 25.24 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.