Wealthfront Advisers LLC Sells 1,008,153 Shares of Schwab US Broad Market ETF $SCHB

Wealthfront Advisers LLC reduced its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 52,556,138 shares of the company’s stock after selling 1,008,153 shares during the quarter. Schwab US Broad Market ETF comprises 2.9% of Wealthfront Advisers LLC’s portfolio, making the stock its 8th biggest holding. Wealthfront Advisers LLC’s holdings in Schwab US Broad Market ETF were worth $1,319,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rebalance LLC raised its stake in shares of Schwab US Broad Market ETF by 3.3% in the 4th quarter. Rebalance LLC now owns 14,963,211 shares of the company’s stock valued at $392,485,000 after acquiring an additional 483,144 shares in the last quarter. HighTower Advisors LLC boosted its position in Schwab US Broad Market ETF by 11.0% during the fourth quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock worth $226,412,000 after purchasing an additional 854,800 shares during the period. Hanson & Doremus Investment Management boosted its position in Schwab US Broad Market ETF by 0.5% during the first quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock worth $176,733,000 after purchasing an additional 33,281 shares during the period. Evergreen Advisors LLC acquired a new position in Schwab US Broad Market ETF during the fourth quarter valued at approximately $161,772,000. Finally, HHM Wealth Advisors LLC raised its position in shares of Schwab US Broad Market ETF by 2.2% in the first quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock valued at $129,179,000 after purchasing an additional 108,943 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of SCHB opened at $29.16 on Thursday. Schwab US Broad Market ETF has a one year low of $23.83 and a one year high of $29.35. The company’s fifty day moving average price is $28.77 and its 200 day moving average price is $27.24. The company has a market capitalization of $43.62 billion, a PE ratio of 25.08 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.