Schwab US Broad Market ETF $SCHB Shares Sold by Accredited Investors Inc.

Accredited Investors Inc. cut its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.4% in the first quarter, HoldingsChannel reports. The fund owned 4,607,337 shares of the company’s stock after selling 112,204 shares during the period. Schwab US Broad Market ETF accounts for 6.2% of Accredited Investors Inc.’s holdings, making the stock its 2nd largest position. Accredited Investors Inc.’s holdings in Schwab US Broad Market ETF were worth $115,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Robinson Smith Wealth Advisors LLC increased its holdings in shares of Schwab US Broad Market ETF by 0.6% in the first quarter. Robinson Smith Wealth Advisors LLC now owns 1,080,467 shares of the company’s stock valued at $27,120,000 after purchasing an additional 6,855 shares in the last quarter. Team Hewins LLC lifted its holdings in Schwab US Broad Market ETF by 79.1% during the 1st quarter. Team Hewins LLC now owns 19,280 shares of the company’s stock worth $484,000 after buying an additional 8,516 shares in the last quarter. Beam Wealth Advisors Inc. bought a new position in Schwab US Broad Market ETF in the 1st quarter valued at $262,000. Rockwood Wealth Management LLC bought a new position in Schwab US Broad Market ETF in the 1st quarter valued at $851,000. Finally, Cvfg LLC acquired a new stake in shares of Schwab US Broad Market ETF in the 1st quarter valued at $342,000.

Schwab US Broad Market ETF Stock Performance

NYSEARCA SCHB opened at $29.09 on Friday. The stock has a market capitalization of $43.44 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 52 week low of $23.83 and a 52 week high of $29.35. The stock has a fifty day moving average of $28.67 and a 200-day moving average of $27.17.

About Schwab US Broad Market ETF

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.