Ballentine Partners LLC Reduces Stock Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Ballentine Partners LLC cut its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,080,204 shares of the company’s stock after selling 20,292 shares during the period. Schwab US Broad Market ETF makes up approximately 1.3% of Ballentine Partners LLC’s holdings, making the stock its 14th largest holding. Ballentine Partners LLC’s holdings in Schwab US Broad Market ETF were worth $67,912,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SCHB. Brio Consultants LLC increased its stake in shares of Schwab US Broad Market ETF by 21.2% in the fourth quarter. Brio Consultants LLC now owns 5,509 shares of the company’s stock worth $307,000 after buying an additional 965 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Schwab US Broad Market ETF by 7.2% in the 4th quarter. Private Advisor Group LLC now owns 65,572 shares of the company’s stock worth $3,650,000 after purchasing an additional 4,425 shares during the last quarter. Lincoln National Corp raised its stake in shares of Schwab US Broad Market ETF by 98.7% in the 4th quarter. Lincoln National Corp now owns 11,857 shares of the company’s stock valued at $660,000 after purchasing an additional 5,891 shares in the last quarter. Apollon Wealth Management LLC grew its stake in Schwab US Broad Market ETF by 47.4% in the fourth quarter. Apollon Wealth Management LLC now owns 8,233 shares of the company’s stock worth $458,000 after purchasing an additional 2,647 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in Schwab US Broad Market ETF in the fourth quarter valued at about $46,000.

Schwab US Broad Market ETF Trading Down 1.7 %

NYSEARCA SCHB traded down $1.08 on Friday, hitting $62.54. 753,250 shares of the stock traded hands, compared to its average volume of 785,616. Schwab US Broad Market ETF has a twelve month low of $47.46 and a twelve month high of $65.57. The stock has a 50-day moving average of $63.64 and a 200 day moving average of $61.62. The company has a market capitalization of $28.75 billion, a P/E ratio of 25.24 and a beta of 1.02.

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.