NewEdge Wealth LLC Sells 24,780 Shares of Schwab US Broad Market ETF $SCHB

NewEdge Wealth LLC lessened its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 22.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,469 shares of the company’s stock after selling 24,780 shares during the quarter. NewEdge Wealth LLC’s holdings in Schwab US Broad Market ETF were worth $2,120,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Rebalance LLC lifted its stake in Schwab US Broad Market ETF by 3.3% during the fourth quarter. Rebalance LLC now owns 14,963,211 shares of the company’s stock worth $392,485,000 after purchasing an additional 483,144 shares during the period. HighTower Advisors LLC grew its stake in shares of Schwab US Broad Market ETF by 11.0% in the 4th quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock valued at $226,412,000 after purchasing an additional 854,800 shares during the period. Hanson & Doremus Investment Management raised its holdings in shares of Schwab US Broad Market ETF by 0.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock worth $176,733,000 after buying an additional 33,281 shares in the last quarter. Evergreen Advisors LLC raised its holdings in shares of Schwab US Broad Market ETF by 1.8% in the 1st quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock worth $157,632,000 after buying an additional 112,717 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its holdings in shares of Schwab US Broad Market ETF by 2.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock worth $129,179,000 after buying an additional 108,943 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Schwab US Broad Market ETF stock opened at $28.56 on Friday. The business has a 50 day simple moving average of $28.81 and a 200 day simple moving average of $27.35. The company has a market capitalization of $42.78 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a one year low of $23.85 and a one year high of $29.35.

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.