Schwab US Broad Market ETF $SCHB Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. trimmed its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,077,066 shares of the company’s stock after selling 34,335 shares during the period. Schwab US Broad Market ETF comprises about 4.3% of Valley National Advisers Inc.’s investment portfolio, making the stock its 2nd largest position. Valley National Advisers Inc. owned about 0.07% of Schwab US Broad Market ETF worth $27,691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHB. ARS Wealth Advisors Group LLC boosted its position in Schwab US Broad Market ETF by 4.3% during the third quarter. ARS Wealth Advisors Group LLC now owns 9,779 shares of the company’s stock worth $251,000 after acquiring an additional 405 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Schwab US Broad Market ETF by 1.9% during the 3rd quarter. Blue Trust Inc. now owns 22,375 shares of the company’s stock worth $575,000 after purchasing an additional 414 shares during the period. Foster Victor Wealth Advisors LLC lifted its stake in shares of Schwab US Broad Market ETF by 1.5% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 28,669 shares of the company’s stock worth $691,000 after purchasing an additional 426 shares during the period. SteelPeak Wealth LLC boosted its holdings in shares of Schwab US Broad Market ETF by 2.0% during the second quarter. SteelPeak Wealth LLC now owns 21,842 shares of the company’s stock worth $521,000 after purchasing an additional 427 shares during the last quarter. Finally, Triangle Securities Wealth Management grew its position in shares of Schwab US Broad Market ETF by 0.4% in the third quarter. Triangle Securities Wealth Management now owns 117,174 shares of the company’s stock valued at $3,013,000 after purchasing an additional 431 shares during the period.

Schwab US Broad Market ETF Stock Performance

Schwab US Broad Market ETF stock opened at $26.58 on Friday. The stock has a fifty day moving average price of $26.11 and a 200 day moving average price of $25.17. Schwab US Broad Market ETF has a 52 week low of $18.52 and a 52 week high of $26.63. The firm has a market capitalization of $38.67 billion, a P/E ratio of 25.08 and a beta of 1.02.

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.