Schwab US Broad Market ETF $SCHB Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 50.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 868,134 shares of the company’s stock after selling 901,208 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Schwab US Broad Market ETF were worth $22,320,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. First Pacific Financial acquired a new stake in Schwab US Broad Market ETF during the 3rd quarter worth $51,000. Golden State Wealth Management LLC grew its holdings in shares of Schwab US Broad Market ETF by 4,138.9% during the second quarter. Golden State Wealth Management LLC now owns 2,289 shares of the company’s stock worth $55,000 after purchasing an additional 2,235 shares during the last quarter. Addison Advisors LLC increased its position in shares of Schwab US Broad Market ETF by 319.1% during the second quarter. Addison Advisors LLC now owns 2,364 shares of the company’s stock worth $56,000 after purchasing an additional 1,800 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF during the second quarter worth about $77,000. Finally, Capital A Wealth Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 2,021.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 3,968 shares of the company’s stock valued at $95,000 after purchasing an additional 3,781 shares during the last quarter.

Schwab US Broad Market ETF Stock Up 0.2%

SCHB opened at $26.33 on Friday. Schwab US Broad Market ETF has a 52 week low of $18.52 and a 52 week high of $26.94. The business’s 50 day moving average is $26.51 and its two-hundred day moving average is $25.83. The firm has a market cap of $38.36 billion, a price-to-earnings 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.