Arcadia Investment Advisors LLC Reduces Stake in Schwab US Broad Market ETF $SCHB

Arcadia Investment Advisors LLC reduced its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 269,372 shares of the company’s stock after selling 7,746 shares during the period. Schwab US Broad Market ETF makes up 3.3% of Arcadia Investment Advisors LLC’s investment portfolio, making the stock its 15th largest position. Arcadia Investment Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $6,419,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHB. Wealth Enhancement Advisory Services LLC increased its position in Schwab US Broad Market ETF by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,095,500 shares of the company’s stock worth $45,116,000 after buying an additional 178,997 shares during the period. Stratos Wealth Partners LTD. raised its position in Schwab US Broad Market ETF by 5.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 24,351 shares of the company’s stock worth $524,000 after buying an additional 1,220 shares during the last quarter. GAMMA Investing LLC lifted its position in Schwab US Broad Market ETF by 2,053.0% in the first quarter. GAMMA Investing LLC now owns 31,132 shares of the company’s stock valued at $670,000 after purchasing an additional 29,686 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Schwab US Broad Market ETF by 3.4% in the 1st quarter. Park Avenue Securities LLC now owns 37,673 shares of the company’s stock valued at $811,000 after buying an additional 1,249 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Schwab US Broad Market ETF by 4.9% in the first quarter. Cetera Investment Advisers now owns 587,930 shares of the company’s stock valued at $12,658,000 after acquiring an additional 27,325 shares during the period.

Schwab US Broad Market ETF Trading Up 0.3%

SCHB stock opened at $25.93 on Tuesday. The company’s 50-day moving average price is $25.06 and its 200 day moving average price is $23.35. The company has a market cap of $37.67 billion, a P/E ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 52 week low of $18.52 and a 52 week high of $25.99.

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.