Envestnet Portfolio Solutions Inc. Trims Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Envestnet Portfolio Solutions Inc. lessened its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 214,026 shares of the company’s stock after selling 3,460 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Schwab US Broad Market ETF were worth $13,066,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Citigroup Inc. grew its holdings in Schwab US Broad Market ETF by 9.9% during the third quarter. Citigroup Inc. now owns 3,062 shares of the company’s stock valued at $153,000 after purchasing an additional 275 shares during the period. Moss Adams Wealth Advisors LLC grew its holdings in Schwab US Broad Market ETF by 27.8% during the third quarter. Moss Adams Wealth Advisors LLC now owns 3,892 shares of the company’s stock valued at $194,000 after purchasing an additional 847 shares during the period. Anchor Investment Management LLC bought a new stake in Schwab US Broad Market ETF during the fourth quarter valued at about $470,000. Riverwater Partners LLC bought a new stake in Schwab US Broad Market ETF during the fourth quarter valued at about $216,000. Finally, CGN Advisors LLC grew its holdings in Schwab US Broad Market ETF by 106.3% during the fourth quarter. CGN Advisors LLC now owns 40,521 shares of the company’s stock valued at $2,256,000 after purchasing an additional 20,875 shares during the period.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $64.75 on Friday. The stock has a 50-day simple moving average of $62.13 and a two-hundred day simple moving average of $59.57. Schwab US Broad Market ETF has a 52-week low of $47.46 and a 52-week high of $65.15. The firm has a market capitalization of $29.77 billion, a PE ratio of 25.24 and a beta of 1.02.

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.