Intelligence Driven Advisers LLC Sells 361,757 Shares of Schwab US Broad Market ETF $SCHB

Intelligence Driven Advisers LLC trimmed its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 39.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 563,390 shares of the company’s stock after selling 361,757 shares during the period. Schwab US Broad Market ETF makes up 2.5% of Intelligence Driven Advisers LLC’s portfolio, making the stock its 11th biggest holding. Intelligence Driven Advisers LLC’s holdings in Schwab US Broad Market ETF were worth $14,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Rebalance LLC lifted its holdings in shares of Schwab US Broad Market ETF by 3.3% during the fourth quarter. Rebalance LLC now owns 14,963,211 shares of the company’s stock worth $392,485,000 after buying an additional 483,144 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Schwab US Broad Market ETF by 11.0% in the fourth quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock worth $226,412,000 after acquiring an additional 854,800 shares during the last quarter. Hanson & Doremus Investment Management grew its stake in shares of Schwab US Broad Market ETF by 0.5% in the first quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock worth $176,733,000 after acquiring an additional 33,281 shares during the last quarter. Evergreen Advisors LLC raised its stake in Schwab US Broad Market ETF by 1.8% during the 1st quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock valued at $157,632,000 after purchasing an additional 112,717 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in Schwab US Broad Market ETF by 2.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock valued at $129,179,000 after purchasing an additional 108,943 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of Schwab US Broad Market ETF stock opened at $28.56 on Monday. The company has a market cap of $42.78 billion, a PE ratio of 25.08 and a beta of 1.02. The firm has a fifty day moving average price of $28.81 and a two-hundred day moving average price of $27.36. Schwab US Broad Market ETF has a fifty-two week low of $23.85 and a fifty-two week high of $29.35.

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.