Sequoia Financial Advisors LLC Cuts Stock Holdings in Schwab US Broad Market ETF $SCHB

Sequoia Financial Advisors LLC reduced its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 515,890 shares of the company’s stock after selling 21,625 shares during the period. Sequoia Financial Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $12,294,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in Schwab US Broad Market ETF by 9.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,095,500 shares of the company’s stock worth $45,116,000 after buying an additional 178,997 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Schwab US Broad Market ETF by 5.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 24,351 shares of the company’s stock worth $524,000 after buying an additional 1,220 shares in the last quarter. GAMMA Investing LLC increased its stake in Schwab US Broad Market ETF by 2,053.0% during the 1st quarter. GAMMA Investing LLC now owns 31,132 shares of the company’s stock worth $670,000 after buying an additional 29,686 shares in the last quarter. Genesee Capital Advisors LLC grew its position in shares of Schwab US Broad Market ETF by 1.6% in the second quarter. Genesee Capital Advisors LLC now owns 1,514,413 shares of the company’s stock valued at $36,088,000 after purchasing an additional 23,607 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Schwab US Broad Market ETF by 4.9% in the first quarter. Cetera Investment Advisers now owns 587,930 shares of the company’s stock valued at $12,658,000 after purchasing an additional 27,325 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB stock opened at $25.59 on Tuesday. The business has a 50 day simple moving average of $25.20 and a 200-day simple moving average of $23.48. The firm has a market capitalization of $37.19 billion, a PE ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $26.01.

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.