BCS Wealth Management Sells 10,886 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

BCS Wealth Management cut its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 7.7% in the first quarter, Holdings Channel reports. The firm owned 129,802 shares of the company’s stock after selling 10,886 shares during the period. BCS Wealth Management’s holdings in Schwab US Broad Market ETF were worth $2,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SCHB. Promus Capital LLC purchased a new position in shares of Schwab US Broad Market ETF during the 4th quarter valued at approximately $25,000. Blume Capital Management Inc. boosted its position in shares of Schwab US Broad Market ETF by 200.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock valued at $25,000 after acquiring an additional 741 shares during the last quarter. Tucker Asset Management LLC boosted its position in shares of Schwab US Broad Market ETF by 233.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after acquiring an additional 765 shares during the last quarter. Studio Investment Management LLC lifted its position in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after buying an additional 728 shares during the last quarter. Finally, Maryland Capital Advisors Inc. lifted its position in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after buying an additional 774 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $23.12 on Friday. The firm has a market capitalization of $33.29 billion, a PE ratio of 23.87 and a beta of 1.03. The firm’s 50-day moving average is $21.54 and its two-hundred day moving average is $22.44. Schwab US Broad Market ETF has a 1 year low of $18.53 and a 1 year high of $23.77.

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.