Sequoia Financial Advisors LLC Cuts Holdings in Schwab US Broad Market ETF $SCHB

Sequoia Financial Advisors LLC trimmed its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 469,139 shares of the company’s stock after selling 28,446 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $12,306,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SCHB. Caprock Group LLC purchased a new position in Schwab US Broad Market ETF during the third quarter valued at approximately $54,987,000. Boulder Wealth Advisors LLC purchased a new position in Schwab US Broad Market ETF during the third quarter valued at approximately $40,435,000. CWM LLC increased its holdings in Schwab US Broad Market ETF by 304.7% during the fourth quarter. CWM LLC now owns 1,648,774 shares of the company’s stock valued at $43,247,000 after buying an additional 1,241,374 shares during the period. Modern Wealth Management LLC increased its holdings in Schwab US Broad Market ETF by 422.7% during the third quarter. Modern Wealth Management LLC now owns 1,518,936 shares of the company’s stock valued at $39,052,000 after buying an additional 1,228,327 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in Schwab US Broad Market ETF by 942.2% during the second quarter. Quantinno Capital Management LP now owns 1,234,589 shares of the company’s stock valued at $29,420,000 after buying an additional 1,116,125 shares during the period.

Schwab US Broad Market ETF Stock Down 0.5%

Shares of SCHB stock opened at $28.21 on Friday. The company’s 50 day moving average is $26.31 and its 200 day moving average is $26.31. Schwab US Broad Market ETF has a 52-week low of $21.66 and a 52-week high of $28.41. The firm has a market cap of $41.71 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.