B. Riley Wealth Advisors Inc. Trims Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

B. Riley Wealth Advisors Inc. cut its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.9% in the third quarter, HoldingsChannel.com reports. The firm owned 171,042 shares of the company’s stock after selling 1,548 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Schwab US Broad Market ETF were worth $11,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHB. Strategic Financial Concepts LLC lifted its position in Schwab US Broad Market ETF by 6,212.4% in the second quarter. Strategic Financial Concepts LLC now owns 4,696,336 shares of the company’s stock valued at $291,000 after buying an additional 4,621,937 shares during the last quarter. Rebalance LLC raised its stake in shares of Schwab US Broad Market ETF by 4.6% in the 3rd quarter. Rebalance LLC now owns 3,824,414 shares of the company’s stock valued at $254,400,000 after acquiring an additional 167,787 shares during the period. Hengehold Capital Management LLC raised its stake in shares of Schwab US Broad Market ETF by 1.3% in the 3rd quarter. Hengehold Capital Management LLC now owns 3,056,040 shares of the company’s stock valued at $203,288,000 after acquiring an additional 38,823 shares during the period. Strid Group LLC lifted its holdings in shares of Schwab US Broad Market ETF by 4.0% in the 3rd quarter. Strid Group LLC now owns 2,864,158 shares of the company’s stock worth $190,524,000 after acquiring an additional 111,281 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Schwab US Broad Market ETF by 7.8% during the 3rd quarter. HighTower Advisors LLC now owns 2,660,625 shares of the company’s stock worth $177,000,000 after purchasing an additional 191,480 shares during the period.

Schwab US Broad Market ETF Stock Down 0.4 %

Shares of NYSEARCA SCHB opened at $22.70 on Wednesday. The business’s 50 day moving average is $23.03 and its two-hundred day moving average is $22.03. Schwab US Broad Market ETF has a 52-week low of $18.17 and a 52-week high of $23.73. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02.

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.