Valmark Advisers Inc. Reduces Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Valmark Advisers Inc. cut its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.2% in the 1st quarter, HoldingsChannel reports. The fund owned 288,760 shares of the company’s stock after selling 3,619 shares during the quarter. Valmark Advisers Inc.’s holdings in Schwab US Broad Market ETF were worth $6,217,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SCHB. Brighton Jones LLC boosted its holdings in Schwab US Broad Market ETF by 1,209.6% during the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock valued at $5,190,000 after acquiring an additional 211,168 shares during the period. Revolve Wealth Partners LLC raised its position in Schwab US Broad Market ETF by 197.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock valued at $488,000 after purchasing an additional 14,279 shares during the last quarter. Empowered Funds LLC bought a new position in Schwab US Broad Market ETF during the 4th quarter valued at approximately $153,000. Principal Securities Inc. raised its position in Schwab US Broad Market ETF by 245.0% during the 4th quarter. Principal Securities Inc. now owns 2,415 shares of the company’s stock valued at $55,000 after purchasing an additional 1,715 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Schwab US Broad Market ETF by 200.0% during the 4th quarter. D.A. Davidson & CO. now owns 53,442 shares of the company’s stock valued at $1,213,000 after purchasing an additional 35,628 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB opened at $23.00 on Monday. The business has a 50 day simple moving average of $22.13 and a two-hundred day simple moving average of $22.41. The firm has a market capitalization of $33.12 billion, a price-to-earnings ratio of 24.59 and a beta of 1.03. Schwab US Broad Market ETF has a one year low of $18.53 and a one year high of $23.77.

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.