LPL Financial LLC Sells 9,925 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

LPL Financial LLC cut its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 640,715 shares of the company’s stock after selling 9,925 shares during the period. LPL Financial LLC’s holdings in Schwab US Broad Market ETF were worth $40,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new position in shares of Schwab US Broad Market ETF in the 2nd quarter valued at $29,000. GAMMA Investing LLC bought a new position in shares of Schwab US Broad Market ETF in the 2nd quarter valued at $30,000. Johnson Financial Group Inc. lifted its stake in shares of Schwab US Broad Market ETF by 76.3% in the 4th quarter. Johnson Financial Group Inc. now owns 737 shares of the company’s stock valued at $41,000 after acquiring 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 4th quarter valued at $43,000. Finally, Principal Securities Inc. bought a new position in shares of Schwab US Broad Market ETF in the 4th quarter valued at $46,000.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB opened at $65.06 on Monday. Schwab US Broad Market ETF has a 52 week low of $47.46 and a 52 week high of $65.57. The stock has a market capitalization of $29.91 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. The stock has a fifty day moving average of $63.70 and a 200-day moving average of $61.83.

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.