Smithbridge Asset Management Inc. DE Sells 22,410 Shares of Schwab US Broad Market ETF $SCHB

Smithbridge Asset Management Inc. DE decreased its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 51.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 21,127 shares of the company’s stock after selling 22,410 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Schwab US Broad Market ETF were worth $530,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Evergreen Advisors LLC purchased a new position in Schwab US Broad Market ETF during the 4th quarter valued at $161,772,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Schwab US Broad Market ETF in the 4th quarter valued at $77,479,000. Boulder Wealth Advisors LLC purchased a new stake in Schwab US Broad Market ETF in the third quarter worth $40,435,000. Appalachian Capital Management Ltd purchased a new stake in Schwab US Broad Market ETF in the fourth quarter worth $40,815,000. Finally, Focus Partners Wealth lifted its position in shares of Schwab US Broad Market ETF by 130.3% during the fourth quarter. Focus Partners Wealth now owns 2,626,053 shares of the company’s stock worth $68,881,000 after purchasing an additional 1,485,838 shares during the last quarter.

Schwab US Broad Market ETF Trading Down 0.1%

NYSEARCA:SCHB opened at $28.87 on Friday. The company has a market cap of $43.03 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a twelve month low of $23.83 and a twelve month high of $29.35. The stock has a fifty day simple moving average of $28.52 and a 200-day simple moving average of $27.06.

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.