Commonwealth Equity Services LLC Reduces Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Commonwealth Equity Services LLC decreased its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,219 shares of the company’s stock after selling 11,571 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Schwab US Broad Market ETF were worth $8,575,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Citigroup Inc. grew its holdings in Schwab US Broad Market ETF by 70.0% in the 1st quarter. Citigroup Inc. now owns 3,809 shares of the company’s stock valued at $182,000 after buying an additional 1,568 shares during the period. Gateway Advisory LLC grew its holdings in Schwab US Broad Market ETF by 4,205.1% in the 1st quarter. Gateway Advisory LLC now owns 999,596 shares of the company’s stock valued at $1,000,000 after buying an additional 976,377 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Schwab US Broad Market ETF in the 1st quarter valued at about $207,000. Private Advisor Group LLC purchased a new stake in Schwab US Broad Market ETF in the 1st quarter valued at about $2,797,000. Finally, Legacy Financial Strategies LLC grew its holdings in shares of Schwab US Broad Market ETF by 2.9% during the 1st quarter. Legacy Financial Strategies LLC now owns 511,200 shares of the company’s stock worth $24,461,000 after purchasing an additional 14,422 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA:SCHB opened at $52.34 on Wednesday. Schwab US Broad Market ETF has a 1 year low of $40.92 and a 1 year high of $53.71. The stock has a market capitalization of $23.31 billion, a P/E ratio of 17.59 and a beta of 1.03. The stock has a 50-day simple moving average of $51.96 and a 200-day simple moving average of $49.38.

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.