Schwab US Broad Market ETF $SCHB Shares Sold by Meridian Wealth Management LLC

Meridian Wealth Management LLC lessened its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 467,241 shares of the company’s stock after selling 18,345 shares during the period. Meridian Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $12,256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new position in shares of Schwab US Broad Market ETF during the 3rd quarter worth $27,000. Wiser Advisor Group LLC acquired a new position in shares of Schwab US Broad Market ETF during the 3rd quarter worth $29,000. LRI Investments LLC acquired a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth $35,000. International Assets Investment Management LLC acquired a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth $52,000. Finally, LGT Financial Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF during the 3rd quarter worth $52,000.

Schwab US Broad Market ETF Stock Up 0.2%

NYSEARCA:SCHB opened at $28.48 on Tuesday. The stock has a fifty day simple moving average of $26.38 and a 200-day simple moving average of $26.35. Schwab US Broad Market ETF has a 52-week low of $22.16 and a 52-week high of $28.55. The company has a market capitalization of $42.11 billion, a PE ratio of 25.08 and a beta of 1.02.

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