Cetera Investment Advisers Sells 403,426 Shares of Schwab US Broad Market ETF $SCHB

Cetera Investment Advisers reduced its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 52.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 365,023 shares of the company’s stock after selling 403,426 shares during the quarter. Cetera Investment Advisers’ holdings in Schwab US Broad Market ETF were worth $9,162,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SCHB. Farrow Financial Inc. raised its holdings in shares of Schwab US Broad Market ETF by 47.1% in the fourth quarter. Farrow Financial Inc. now owns 83,285 shares of the company’s stock worth $2,185,000 after buying an additional 26,673 shares during the last quarter. Sunburst Financial Group LLC grew its holdings in shares of Schwab US Broad Market ETF by 1.9% during the fourth quarter. Sunburst Financial Group LLC now owns 2,126,176 shares of the company’s stock valued at $55,770,000 after buying an additional 39,321 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Schwab US Broad Market ETF by 52.3% during the fourth quarter. Farther Finance Advisors LLC now owns 662,755 shares of the company’s stock valued at $17,384,000 after buying an additional 227,602 shares during the last quarter. Dorato Capital Management acquired a new position in shares of Schwab US Broad Market ETF in the 4th quarter valued at $2,500,000. Finally, Trust Co. of Vermont increased its position in shares of Schwab US Broad Market ETF by 48.8% in the 4th quarter. Trust Co. of Vermont now owns 81,336 shares of the company’s stock valued at $2,133,000 after acquiring an additional 26,658 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $28.85 on Friday. The firm has a market capitalization of $43.28 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The business has a fifty day moving average of $28.82 and a 200 day moving average of $27.42. Schwab US Broad Market ETF has a 1 year low of $23.85 and a 1 year high of $29.35.

Schwab US Broad Market ETF 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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.