Milestones Private Investment Advisors LLC Sells 116,720 Shares of Schwab US Broad Market ETF $SCHB

Milestones Private Investment Advisors LLC reduced its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 75.7% in the first quarter, HoldingsChannel reports. The firm owned 37,466 shares of the company’s stock after selling 116,720 shares during the quarter. Milestones Private Investment Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHB. Evergreen Advisors LLC bought a new position in shares of Schwab US Broad Market ETF in the 4th quarter worth approximately $161,772,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Schwab US Broad Market ETF during the fourth quarter valued at approximately $77,479,000. Boulder Wealth Advisors LLC bought a new stake in Schwab US Broad Market ETF during the third quarter valued at approximately $40,435,000. Appalachian Capital Management Ltd purchased a new stake in Schwab US Broad Market ETF during the fourth quarter valued at approximately $40,815,000. Finally, Focus Partners Wealth increased its holdings in Schwab US Broad Market ETF by 130.3% during the fourth quarter. Focus Partners Wealth now owns 2,626,053 shares of the company’s stock valued at $68,881,000 after buying an additional 1,485,838 shares during the last quarter.

Schwab US Broad Market ETF Trading Down 0.8%

SCHB opened at $28.96 on Tuesday. Schwab US Broad Market ETF has a 1-year low of $23.83 and a 1-year high of $29.35. The company has a market capitalization of $43.25 billion, a PE ratio of 25.08 and a beta of 1.02. The firm’s 50 day simple moving average is $28.73 and its two-hundred day simple moving average is $27.20.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.