Independent Solutions Wealth Management LLC Lowers Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Independent Solutions Wealth Management LLC decreased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,726 shares of the company’s stock after selling 5,887 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $3,374,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SCHB. Bank of New York Mellon Corp raised its position in shares of Schwab US Broad Market ETF by 7.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,032 shares of the company’s stock valued at $1,825,000 after purchasing an additional 2,085 shares during the period. International Assets Investment Management LLC bought a new stake in Schwab US Broad Market ETF during the second quarter valued at about $125,000. Hantz Financial Services Inc. purchased a new position in shares of Schwab US Broad Market ETF in the second quarter valued at about $65,000. Commonwealth Equity Services LLC boosted its stake in shares of Schwab US Broad Market ETF by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 193,851 shares of the company’s stock worth $12,187,000 after acquiring an additional 2,652 shares during the period. Finally, Summit Financial LLC purchased a new stake in shares of Schwab US Broad Market ETF during the second quarter worth about $409,000.

Schwab US Broad Market ETF Trading Down 0.4 %

Shares of SCHB opened at $22.70 on Wednesday. Schwab US Broad Market ETF has a 12-month low of $18.17 and a 12-month high of $23.73. The business’s 50 day moving average is $23.03 and its 200 day moving average is $22.03. The company has a market capitalization of $10.44 billion, a PE ratio of 25.24 and a beta of 1.02.

About Schwab US Broad Market ETF

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.