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

Destination Wealth Management cut its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 98,413 shares of the company’s stock after selling 1,158 shares during the quarter. Destination Wealth Management’s holdings in Schwab US Broad Market ETF were worth $6,546,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Schwab US Broad Market ETF by 7.7% during the second quarter. Bank of New York Mellon Corp now owns 29,032 shares of the company’s stock worth $1,825,000 after acquiring an additional 2,085 shares in the last quarter. International Assets Investment Management LLC bought a new position in Schwab US Broad Market ETF during the 2nd quarter worth about $125,000. Hantz Financial Services Inc. acquired a new stake in shares of Schwab US Broad Market ETF in the 2nd quarter valued at about $65,000. Commonwealth Equity Services LLC lifted its holdings 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 valued at $12,187,000 after purchasing an additional 2,652 shares in the last quarter. Finally, Summit Financial LLC acquired a new position in shares of Schwab US Broad Market ETF during the second quarter worth about $409,000.

Schwab US Broad Market ETF Stock Performance

NYSEARCA SCHB opened at $22.70 on Wednesday. Schwab US Broad Market ETF has a 52 week low of $18.17 and a 52 week high of $23.73. The stock’s 50 day moving average price is $23.03 and its two-hundred day moving average price is $22.03. The stock has a market capitalization 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.