Envestnet Asset Management Inc. Reduces Stake in Schwab US Broad Market ETF $SCHB

Envestnet Asset Management Inc. lowered its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,769,342 shares of the company’s stock after selling 94,445 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Schwab US Broad Market ETF worth $42,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc increased its position in Schwab US Broad Market ETF by 310.6% during the second quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock worth $26,000 after buying an additional 820 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF during the first quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF during the first quarter valued at $30,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Schwab US Broad Market ETF during the 1st quarter worth about $32,000. Finally, Brooklyn Investment Group acquired a new position in Schwab US Broad Market ETF in the 1st quarter valued at about $49,000.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA SCHB opened at $26.28 on Friday. Schwab US Broad Market ETF has a 12 month low of $18.52 and a 12 month high of $26.57. The company has a market cap of $38.23 billion, a PE ratio of 25.08 and a beta of 1.02. The company has a 50-day simple moving average of $25.57 and a 200-day simple moving average of $24.02.

Schwab US Broad Market ETF 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.