Sequoia Financial Advisors LLC Trims Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Sequoia Financial Advisors LLC decreased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,323 shares of the company’s stock after selling 2,787 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $9,577,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in Schwab US Broad Market ETF by 3.7% during the first quarter. Larson Financial Group LLC now owns 4,776 shares of the company’s stock worth $292,000 after acquiring an additional 170 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in Schwab US Broad Market ETF by 4.1% during the first quarter. Valeo Financial Advisors LLC now owns 4,708 shares of the company’s stock worth $277,000 after acquiring an additional 185 shares during the last quarter. Hendershot Investments Inc. increased its stake in Schwab US Broad Market ETF by 0.7% during the first quarter. Hendershot Investments Inc. now owns 28,063 shares of the company’s stock worth $1,713,000 after acquiring an additional 186 shares during the last quarter. Foster Victor Wealth Advisors LLC increased its holdings in shares of Schwab US Broad Market ETF by 2.5% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 7,874 shares of the company’s stock valued at $475,000 after acquiring an additional 190 shares during the last quarter. Finally, Evolution Advisers Inc. increased its holdings in shares of Schwab US Broad Market ETF by 33.8% in the 4th quarter. Evolution Advisers Inc. now owns 756 shares of the company’s stock valued at $42,000 after acquiring an additional 191 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of SCHB traded up $0.67 during mid-day trading on Tuesday, reaching $62.35. The company’s stock had a trading volume of 181,982 shares, compared to its average volume of 796,943. Schwab US Broad Market ETF has a 12-month low of $47.46 and a 12-month high of $65.57. The stock has a market cap of $28.66 billion, a PE ratio of 25.24 and a beta of 1.02. The company’s 50 day moving average is $62.99 and its 200 day moving average is $60.77.

Schwab US Broad Market ETF Company 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.