Summit Asset Management LLC Raises Stock Position in Schwab US Small-Cap ETF (NYSEARCA:SCHA)

Summit Asset Management LLC grew its holdings in shares of Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 12.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 27,685 shares of the company’s stock after acquiring an additional 3,037 shares during the quarter. Summit Asset Management LLC’s holdings in Schwab US Small-Cap ETF were worth $1,308,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hamilton Point Investment Advisors LLC bought a new position in Schwab US Small-Cap ETF during the fourth quarter valued at $25,000. Tennessee Valley Asset Management Partners purchased a new stake in Schwab US Small-Cap ETF in the 4th quarter worth about $28,000. VisionPoint Advisory Group LLC bought a new stake in Schwab US Small-Cap ETF in the third quarter worth about $50,000. Fifth Third Bancorp lifted its stake in Schwab US Small-Cap ETF by 134.8% in the third quarter. Fifth Third Bancorp now owns 1,348 shares of the company’s stock worth $56,000 after purchasing an additional 774 shares during the last quarter. Finally, Citigroup Inc. grew its stake in shares of Schwab US Small-Cap ETF by 119.3% during the third quarter. Citigroup Inc. now owns 2,290 shares of the company’s stock valued at $95,000 after buying an additional 1,246 shares during the last quarter.

Schwab US Small-Cap ETF Trading Up 1.2 %

Shares of NYSEARCA SCHA traded up $0.55 during midday trading on Thursday, hitting $46.73. The company’s stock had a trading volume of 568,993 shares, compared to its average volume of 1,205,208. Schwab US Small-Cap ETF has a 12-month low of $38.05 and a 12-month high of $49.54. The firm has a market cap of $16.26 billion, a P/E ratio of 13.86 and a beta of 1.21. The business’s 50 day moving average is $47.42 and its two-hundred day moving average is $45.20.

Schwab US Small-Cap ETF Profile

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index.