Envestnet Portfolio Solutions Inc. Sells 72,128 Shares of Schwab US Broad Market ETF $SCHB

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 19.5% in the third quarter, HoldingsChannel reports. The fund owned 297,307 shares of the company’s stock after selling 72,128 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Schwab US Broad Market ETF were worth $7,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHB. ARS Wealth Advisors Group LLC lifted its position in Schwab US Broad Market ETF by 4.3% during the third quarter. ARS Wealth Advisors Group LLC now owns 9,779 shares of the company’s stock valued at $251,000 after purchasing an additional 405 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Schwab US Broad Market ETF by 1.9% during the 3rd quarter. Blue Trust Inc. now owns 22,375 shares of the company’s stock valued at $575,000 after buying an additional 414 shares in the last quarter. Summit Place Financial Advisors LLC lifted its position in shares of Schwab US Broad Market ETF by 1.1% during the 3rd quarter. Summit Place Financial Advisors LLC now owns 40,789 shares of the company’s stock valued at $1,049,000 after buying an additional 425 shares in the last quarter. SteelPeak Wealth LLC grew its stake in shares of Schwab US Broad Market ETF by 2.0% during the 2nd quarter. SteelPeak Wealth LLC now owns 21,842 shares of the company’s stock valued at $521,000 after acquiring an additional 427 shares during the period. Finally, Triangle Securities Wealth Management increased its holdings in Schwab US Broad Market ETF by 0.4% in the 3rd quarter. Triangle Securities Wealth Management now owns 117,174 shares of the company’s stock worth $3,013,000 after acquiring an additional 431 shares in the last quarter.

Schwab US Broad Market ETF Trading Down 0.2%

NYSEARCA SCHB opened at $26.62 on Friday. The stock has a market cap of $38.79 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $18.52 and a 12 month high of $26.89. The company’s 50 day moving average is $26.30 and its two-hundred day moving average is $25.60.

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.