Novare Capital Management LLC Lowers Position in Schwab US Broad Market ETF $SCHB

Novare Capital Management LLC lessened its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 22.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,936 shares of the company’s stock after selling 37,813 shares during the quarter. Novare Capital Management LLC’s holdings in Schwab US Broad Market ETF were worth $3,461,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SCHB. Financial Life Planners purchased a new position in shares of Schwab US Broad Market ETF in the third quarter worth $27,000. Wiser Advisor Group LLC purchased a new position in shares of Schwab US Broad Market ETF in the third quarter worth $29,000. LRI Investments LLC purchased a new position in shares of Schwab US Broad Market ETF in the fourth quarter worth $35,000. International Assets Investment Management LLC purchased a new position in shares of Schwab US Broad Market ETF in the fourth quarter worth $52,000. Finally, LGT Financial Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF in the third quarter worth $52,000.

Schwab US Broad Market ETF Stock Performance

SCHB stock opened at $28.42 on Friday. Schwab US Broad Market ETF has a one year low of $22.16 and a one year high of $28.85. The company’s fifty day moving average price is $26.55 and its 200-day moving average price is $26.42. The company has a market capitalization of $42.02 billion, a PE 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.