Intelligence Driven Advisers LLC Has $14.14 Million Holdings in Schwab US Broad Market ETF $SCHB

Intelligence Driven Advisers LLC cut its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB – Free Report) by 39.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 563,390 shares of the company’s stock after selling 361,757 shares during the period. Schwab US Broad Market ETF comprises approximately 2.5% of Intelligence Driven Advisers LLC’s holdings, making the stock its 11th largest holding. Intelligence Driven Advisers LLC’s holdings in Schwab US Broad Market ETF were worth $14,141,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rebalance LLC boosted its stake in Schwab US Broad Market ETF by 3.3% in the fourth quarter. Rebalance LLC now owns 14,963,211 shares of the company’s stock worth $392,485,000 after purchasing an additional 483,144 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Schwab US Broad Market ETF by 11.0% during the fourth quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock worth $226,412,000 after purchasing an additional 854,800 shares during the last quarter. Hanson & Doremus Investment Management increased its stake in shares of Schwab US Broad Market ETF by 0.5% in the first quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock valued at $176,733,000 after buying an additional 33,281 shares in the last quarter. Evergreen Advisors LLC increased its stake in shares of Schwab US Broad Market ETF by 1.8% in the first quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock valued at $157,632,000 after buying an additional 112,717 shares in the last quarter. Finally, HHM Wealth Advisors LLC increased its stake in shares of Schwab US Broad Market ETF by 2.2% in the first quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock valued at $129,179,000 after buying an additional 108,943 shares in the last quarter.

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Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA SCHB opened at $28.56 on Monday. The firm’s 50-day simple moving average is $28.81 and its 200 day simple moving average is $27.36. The company has a market cap of $42.78 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 $23.85 and a 12-month high of $29.35.

Schwab US Broad Market ETF Company Profile

(Free Report)

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.

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