Strategic Financial Planning Inc. Sells 6,681 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Strategic Financial Planning Inc. reduced its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 318,892 shares of the company’s stock after selling 6,681 shares during the quarter. Schwab US Broad Market ETF accounts for approximately 14.6% of Strategic Financial Planning Inc.’s portfolio, making the stock its largest holding. Strategic Financial Planning Inc. owned 0.07% of Schwab US Broad Market ETF worth $16,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC grew its position in shares of Schwab US Broad Market ETF by 112,256.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 45,434,657 shares of the company’s stock valued at $2,035,927,000 after purchasing an additional 45,394,219 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of Schwab US Broad Market ETF by 93.3% in the first quarter. Wealthfront Advisers LLC now owns 28,076,551 shares of the company’s stock valued at $1,499,007,000 after purchasing an additional 13,553,949 shares during the last quarter. Gateway Advisory LLC grew its position in shares of Schwab US Broad Market ETF by 4,205.1% in the first quarter. Gateway Advisory LLC now owns 999,596 shares of the company’s stock valued at $1,000,000 after purchasing an additional 976,377 shares during the last quarter. Mariner LLC grew its position in shares of Schwab US Broad Market ETF by 254.7% in the first quarter. Mariner LLC now owns 1,348,142 shares of the company’s stock valued at $71,977,000 after purchasing an additional 968,088 shares during the last quarter. Finally, Rebalance LLC grew its position in shares of Schwab US Broad Market ETF by 20.2% in the second quarter. Rebalance LLC now owns 3,584,389 shares of the company’s stock valued at $185,313,000 after purchasing an additional 601,199 shares during the last quarter.

Schwab US Broad Market ETF Stock Down 0.5 %

Shares of SCHB traded down $0.24 on Tuesday, hitting $52.51. 204,755 shares of the stock traded hands, compared to its average volume of 808,185. The firm has a market capitalization of $23.39 billion, a P/E ratio of 17.59 and a beta of 1.03. The stock’s 50 day moving average is $50.31 and its two-hundred day moving average is $50.77. Schwab US Broad Market ETF has a 1 year low of $43.89 and a 1 year high of $53.71.

Schwab US Broad Market ETF Company 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.