Novare Capital Management LLC Trims Stake in Schwab US Broad Market ETF $SCHB

Novare Capital Management LLC reduced its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 31.3% during the first quarter, Holdings Channel.com reports. The fund owned 90,582 shares of the company’s stock after selling 41,354 shares during the quarter. Novare Capital Management LLC’s holdings in Schwab US Broad Market ETF were worth $2,274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHB. Financial Life Planners bought a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter valued at about $27,000. Birchwood Financial Partners Inc. bought a new position in shares of Schwab US Broad Market ETF in the fourth quarter worth approximately $28,000. Wiser Advisor Group LLC bought a new position in shares of Schwab US Broad Market ETF in the third quarter worth approximately $29,000. Bayban bought a new position in shares of Schwab US Broad Market ETF in the fourth quarter worth approximately $33,000. Finally, LRI Investments LLC purchased a new stake in Schwab US Broad Market ETF in the fourth quarter valued at approximately $35,000.

Schwab US Broad Market ETF Price Performance

Shares of Schwab US Broad Market ETF stock opened at $28.88 on Tuesday. Schwab US Broad Market ETF has a 1 year low of $22.88 and a 1 year high of $29.35. The firm has a market cap of $42.70 billion, a PE ratio of 25.08 and a beta of 1.02. The company has a 50 day simple moving average of $28.25 and a two-hundred day simple moving average of $26.94.

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.