Meridian Wealth Management LLC Lowers Holdings in Schwab US Broad Market ETF $SCHB

Meridian Wealth Management LLC trimmed its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 467,241 shares of the company’s stock after selling 18,345 shares during the period. Meridian Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $12,256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Schwab US Broad Market ETF in the 3rd quarter valued at $27,000. Wiser Advisor Group LLC acquired a new stake in Schwab US Broad Market ETF in the third quarter valued at $29,000. LRI Investments LLC acquired a new stake in Schwab US Broad Market ETF in the fourth quarter valued at $35,000. International Assets Investment Management LLC acquired a new stake in Schwab US Broad Market ETF in the fourth quarter valued at $52,000. Finally, LGT Financial Advisors LLC acquired a new stake in Schwab US Broad Market ETF in the third quarter valued at $52,000.

Schwab US Broad Market ETF Stock Performance

Schwab US Broad Market ETF stock opened at $28.48 on Tuesday. Schwab US Broad Market ETF has a one year low of $22.16 and a one year high of $28.55. The business has a fifty day moving average of $26.38 and a two-hundred day moving average of $26.35. The company has a market cap of $42.11 billion, a P/E 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.