Schwab US Broad Market ETF $SCHB Stock Position Decreased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 6.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 439,073 shares of the company’s stock after selling 30,066 shares during the period. Sequoia Financial Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $11,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHB. Financial Life Planners acquired a new stake in Schwab US Broad Market ETF during the 1st quarter worth about $27,000. Birchwood Financial Partners Inc. purchased a new position in Schwab US Broad Market ETF during the 4th quarter valued at about $28,000. Wiser Advisor Group LLC acquired a new position in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $29,000. Bayban acquired a new position in shares of Schwab US Broad Market ETF in the 4th quarter valued at about $33,000. Finally, LRI Investments LLC purchased a new stake in shares of Schwab US Broad Market ETF in the fourth quarter worth approximately $35,000.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock traded up $0.09 during trading on Friday, hitting $29.18. 5,450,458 shares of the company were exchanged, compared to its average volume of 9,913,581. The business’s 50-day simple moving average is $28.70 and its 200 day simple moving average is $27.18. Schwab US Broad Market ETF has a twelve month low of $23.83 and a twelve month high of $29.35. The firm has a market capitalization of $43.58 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

Schwab US Broad Market ETF 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.