True North Advisors LLC Lowers Position in Schwab US Broad Market ETF $SCHB

True North Advisors LLC lessened its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 15.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 504,798 shares of the company’s stock after selling 90,542 shares during the quarter. Schwab US Broad Market ETF comprises 1.4% of True North Advisors LLC’s investment portfolio, making the stock its 16th largest position. True North Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $12,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SCHB. Financial Life Planners purchased a new stake in Schwab US Broad Market ETF in the first quarter valued at approximately $27,000. Birchwood Financial Partners Inc. purchased a new position in Schwab US Broad Market ETF in the 4th quarter worth approximately $28,000. Wiser Advisor Group LLC purchased a new position in Schwab US Broad Market ETF in the 3rd quarter worth approximately $29,000. Bayban bought a new position in shares of Schwab US Broad Market ETF in the 4th quarter worth $33,000. Finally, LRI Investments LLC bought a new position in shares of Schwab US Broad Market ETF in the 4th quarter worth $35,000.

Schwab US Broad Market ETF Stock Performance

Schwab US Broad Market ETF stock opened at $28.75 on Friday. The firm’s fifty day moving average price is $28.79 and its 200-day moving average price is $27.27. The stock has a market cap of $43.01 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a fifty-two week low of $23.85 and a fifty-two week high of $29.35.

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.