Ballentine Partners LLC Trims Stock Holdings in Schwab US Broad Market ETF $SCHB

Ballentine Partners LLC lowered its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,209,293 shares of the company’s stock after selling 28,060 shares during the period. Schwab US Broad Market ETF accounts for approximately 1.2% of Ballentine Partners LLC’s portfolio, making the stock its 15th biggest holding. Ballentine Partners LLC’s holdings in Schwab US Broad Market ETF were worth $84,180,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHB. Financial Life Planners acquired a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter worth about $27,000. Wiser Advisor Group LLC purchased a new position in shares of Schwab US Broad Market ETF during the third quarter valued at approximately $29,000. International Assets Investment Management LLC acquired a new stake in Schwab US Broad Market ETF during the fourth quarter worth approximately $52,000. LGT Financial Advisors LLC acquired a new stake in Schwab US Broad Market ETF during the third quarter worth approximately $52,000. Finally, Beacon Financial Strategies CORP purchased a new stake in Schwab US Broad Market ETF in the 4th quarter worth approximately $64,000.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB opened at $28.42 on Friday. The stock has a fifty day moving average of $26.31 and a two-hundred day moving average of $26.31. The company has a market capitalization of $42.02 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a fifty-two week low of $21.72 and a fifty-two week high of $28.44.

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