Advisors Capital Management LLC Lowers Stock Holdings in Schwab US Broad Market ETF $SCHB

Advisors Capital Management LLC lowered its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,244 shares of the company’s stock after selling 1,325 shares during the period. Advisors Capital Management LLC’s holdings in Schwab US Broad Market ETF were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SCHB. Brighton Jones LLC grew its position in Schwab US Broad Market ETF by 1,209.6% in the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock worth $5,190,000 after purchasing an additional 211,168 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Schwab US Broad Market ETF by 197.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock valued at $488,000 after buying an additional 14,279 shares in the last quarter. Northern Trust Corp lifted its stake in Schwab US Broad Market ETF by 220.7% in the 4th quarter. Northern Trust Corp now owns 265,993 shares of the company’s stock worth $6,038,000 after purchasing an additional 183,048 shares in the last quarter. Comerica Bank lifted its stake in Schwab US Broad Market ETF by 178.4% in the 4th quarter. Comerica Bank now owns 11,636 shares of the company’s stock worth $264,000 after purchasing an additional 7,457 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Schwab US Broad Market ETF by 222.2% in the 4th quarter. Ameriprise Financial Inc. now owns 443,973 shares of the company’s stock worth $10,078,000 after purchasing an additional 306,174 shares in the last quarter.

Schwab US Broad Market ETF Stock Down 0.1%

Shares of SCHB stock opened at $25.41 on Friday. The stock has a market cap of $36.74 billion, a P/E ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 52 week low of $18.52 and a 52 week high of $25.48. The company’s fifty day simple moving average is $24.60 and its two-hundred day simple moving average is $22.93.

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.