Schwab US Broad Market ETF (NYSEARCA:SCHB) Shares Sold by Asset Advisors Investment Management LLC

Asset Advisors Investment Management LLC reduced its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,854,523 shares of the company’s stock after selling 14,547 shares during the period. Schwab US Broad Market ETF comprises approximately 6.5% of Asset Advisors Investment Management LLC’s portfolio, making the stock its 3rd largest position. Asset Advisors Investment Management LLC’s holdings in Schwab US Broad Market ETF were worth $61,458,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in shares of Schwab US Broad Market ETF by 1,209.6% in the fourth quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock valued at $5,190,000 after purchasing an additional 211,168 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Schwab US Broad Market ETF by 197.5% in the fourth 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. Bank of New York Mellon Corp grew its position in shares of Schwab US Broad Market ETF by 257.4% in the fourth quarter. Bank of New York Mellon Corp now owns 93,999 shares of the company’s stock valued at $2,134,000 after purchasing an additional 67,701 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $1,605,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Schwab US Broad Market ETF by 209.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 593,826 shares of the company’s stock valued at $13,480,000 after purchasing an additional 401,825 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB opened at $24.09 on Thursday. The company has a market capitalization of $34.74 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. The company’s 50 day simple moving average is $23.18 and its 200 day simple moving average is $22.50. Schwab US Broad Market ETF has a 1 year low of $18.53 and a 1 year high of $24.23.

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.