Envestnet Portfolio Solutions Inc. Reduces Stock Position in Schwab US Broad Market ETF $SCHB

Envestnet Portfolio Solutions Inc. cut its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 19.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 297,307 shares of the company’s stock after selling 72,128 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Schwab US Broad Market ETF were worth $7,644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in Schwab US Broad Market ETF by 1,209.6% during the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock valued at $5,190,000 after buying an additional 211,168 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Schwab US Broad Market ETF by 197.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after acquiring an additional 14,279 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Schwab US Broad Market ETF by 50.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,549,572 shares of the company’s stock worth $33,362,000 after acquiring an additional 518,984 shares during the period. Park Avenue Securities LLC increased its position in Schwab US Broad Market ETF by 10.7% during the second quarter. Park Avenue Securities LLC now owns 41,713 shares of the company’s stock valued at $994,000 after acquiring an additional 4,040 shares during the last quarter. Finally, Asset Allocation & Management Company LLC lifted its holdings in Schwab US Broad Market ETF by 35.7% in the second quarter. Asset Allocation & Management Company LLC now owns 230,624 shares of the company’s stock valued at $5,496,000 after acquiring an additional 60,638 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA:SCHB opened at $26.62 on Friday. The stock’s 50-day simple moving average is $26.30 and its two-hundred day simple moving average is $25.60. The stock has a market capitalization of $38.79 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $26.89.

Schwab US Broad Market ETF Company 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.