Envestnet Portfolio Solutions Inc. Has $8.80 Million Stock Position in Schwab US Broad Market ETF $SCHB

Envestnet Portfolio Solutions Inc. decreased its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 25.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 369,435 shares of the company’s stock after selling 126,429 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Schwab US Broad Market ETF were worth $8,804,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Rebalance LLC raised its holdings in Schwab US Broad Market ETF by 10.1% in the 2nd quarter. Rebalance LLC now owns 13,159,188 shares of the company’s stock valued at $313,583,000 after acquiring an additional 1,209,350 shares in the last quarter. SCS Capital Management LLC grew its stake in shares of Schwab US Broad Market ETF by 16.6% in the 1st quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock valued at $256,232,000 after purchasing an additional 1,697,159 shares during the period. Strid Group LLC grew its stake in shares of Schwab US Broad Market ETF by 0.5% in the 2nd quarter. Strid Group LLC now owns 8,658,237 shares of the company’s stock valued at $206,322,000 after purchasing an additional 43,935 shares during the period. Bouchey Financial Group Ltd grew its stake in shares of Schwab US Broad Market ETF by 0.9% in the 1st quarter. Bouchey Financial Group Ltd now owns 8,238,465 shares of the company’s stock valued at $177,374,000 after purchasing an additional 72,697 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of Schwab US Broad Market ETF in the 2nd quarter valued at approximately $161,574,000.

Schwab US Broad Market ETF Trading Up 1.5%

SCHB stock opened at $25.59 on Tuesday. Schwab US Broad Market ETF has a 1-year low of $18.52 and a 1-year high of $26.01. The firm has a market cap of $37.19 billion, a P/E ratio of 25.08 and a beta of 1.03. The business’s 50 day moving average is $25.20 and its 200-day moving average is $23.48.

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.