Tortoise Investment Management LLC Sells 13,007 Shares of Schwab US Broad Market ETF $SCHB

Tortoise Investment Management LLC cut its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,371 shares of the company’s stock after selling 13,007 shares during the period. Tortoise Investment Management LLC’s holdings in Schwab US Broad Market ETF were worth $3,281,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SCHB. Studio Investment Management LLC grew its holdings in shares of Schwab US Broad Market ETF by 200.0% in the fourth quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after acquiring an additional 728 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Schwab US Broad Market ETF in the first quarter valued at approximately $25,000. Johnson Financial Group Inc. grew its holdings in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Johnson Financial Group Inc. now owns 1,191 shares of the company’s stock valued at $28,000 after purchasing an additional 794 shares during the period. Wealth Preservation Advisors LLC bought a new position in Schwab US Broad Market ETF during the first quarter valued at $30,000. Finally, Vermillion Wealth Management Inc. bought a new position in Schwab US Broad Market ETF during the fourth quarter valued at $31,000.

Schwab US Broad Market ETF Trading Up 0.3%

Shares of NYSEARCA SCHB opened at $25.00 on Thursday. The stock has a fifty day simple moving average of $24.25 and a two-hundred day simple moving average of $22.80. Schwab US Broad Market ETF has a 1-year low of $18.52 and a 1-year high of $25.02. The firm has a market cap of $36.14 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03.

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.