Raymond James & Associates Cuts Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Raymond James & Associates cut its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB – Get Rating) by 14.2% during the third quarter, HoldingsChannel reports. The fund owned 65,467 shares of the company’s stock after selling 10,866 shares during the quarter. Raymond James & Associates’ holdings in Schwab US Broad Market ETF were worth $2,749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its holdings in shares of Schwab US Broad Market ETF by 100.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 245 shares during the period. Oxford Financial Group Ltd. grew its stake in Schwab US Broad Market ETF by 100.0% during the 1st quarter. Oxford Financial Group Ltd. now owns 506 shares of the company’s stock worth $27,000 after buying an additional 253 shares during the last quarter. Worth Asset Management LLC purchased a new position in Schwab US Broad Market ETF during the 1st quarter worth $27,000. Sierra Capital LLC purchased a new position in Schwab US Broad Market ETF during the 2nd quarter worth $27,000. Finally, First Horizon Advisors Inc. purchased a new position in Schwab US Broad Market ETF during the 2nd quarter worth $28,000.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock opened at $46.57 on Friday. Schwab US Broad Market ETF has a 1-year low of $40.92 and a 1-year high of $54.67. The stock’s fifty day moving average price is $45.98 and its 200 day moving average price is $45.89.

Schwab US Broad Market ETF Company Profile

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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.