Destination Wealth Management Has $6.55 Million Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Destination Wealth Management cut its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,413 shares of the company’s stock after selling 1,158 shares during the period. Destination Wealth Management’s holdings in Schwab US Broad Market ETF were worth $6,546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCHB. Wilmington Savings Fund Society FSB bought a new stake in Schwab US Broad Market ETF during the 3rd quarter worth about $703,000. World Investment Advisors LLC boosted its stake in shares of Schwab US Broad Market ETF by 119.5% in the 3rd quarter. World Investment Advisors LLC now owns 16,470 shares of the company’s stock valued at $1,096,000 after purchasing an additional 8,968 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Schwab US Broad Market ETF by 194.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,939 shares of the company’s stock worth $2,058,000 after buying an additional 20,447 shares during the period. Fulcrum Equity Management grew its position in shares of Schwab US Broad Market ETF by 6.3% during the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock worth $744,000 after buying an additional 668 shares during the period. Finally, Tudor Financial Inc. bought a new stake in shares of Schwab US Broad Market ETF during the third quarter worth approximately $996,000.

Schwab US Broad Market ETF Stock Performance

SCHB opened at $22.70 on Wednesday. The company has a fifty day moving average price of $23.03 and a two-hundred day moving average price of $22.03. The firm has a market capitalization of $10.44 billion, a PE ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 52 week low of $18.17 and a 52 week high of $23.73.

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.