Lincoln Capital Corp Lowers Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Lincoln Capital Corp lessened its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,358 shares of the company’s stock after selling 612 shares during the period. Schwab US Broad Market ETF accounts for approximately 1.3% of Lincoln Capital Corp’s portfolio, making the stock its 28th largest holding. Lincoln Capital Corp’s holdings in Schwab US Broad Market ETF were worth $1,588,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new stake in Schwab US Broad Market ETF during the second quarter valued at about $26,000. Gradient Investments LLC grew its stake in shares of Schwab US Broad Market ETF by 280.0% during the second quarter. Gradient Investments LLC now owns 494 shares of the company’s stock valued at $35,000 after buying an additional 364 shares during the last quarter. Whittier Trust Co. bought a new position in shares of Schwab US Broad Market ETF during the third quarter valued at about $36,000. Hoertkorn Richard Charles bought a new position in shares of Schwab US Broad Market ETF during the third quarter valued at about $36,000. Finally, Astor Investment Management LLC bought a new position in shares of Schwab US Broad Market ETF during the second quarter valued at about $44,000.

Shares of NYSEARCA:SCHB traded up $0.18 on Friday, reaching $73.88. 336,447 shares of the company traded hands, compared to its average volume of 958,734. The business’s 50-day simple moving average is $71.52 and its 200 day simple moving average is $70.44. Schwab US Broad Market ETF has a 52 week low of $56.12 and a 52 week high of $74.01.

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.

Further Reading: Diversification Important in Investing

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Institutional Ownership by Quarter for Schwab US Broad Market ETF (NYSEARCA:SCHB)

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