Cetera Investment Advisers Has $9.16 Million Position in Schwab US Broad Market ETF $SCHB

Cetera Investment Advisers cut its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 52.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 365,023 shares of the company’s stock after selling 403,426 shares during the quarter. Cetera Investment Advisers’ holdings in Schwab US Broad Market ETF were worth $9,162,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners acquired a new position in shares of Schwab US Broad Market ETF in the first quarter valued at approximately $27,000. Birchwood Financial Partners Inc. acquired a new stake in Schwab US Broad Market ETF during the 4th quarter worth approximately $28,000. Wiser Advisor Group LLC bought a new stake in Schwab US Broad Market ETF during the 3rd quarter worth approximately $29,000. Bayban bought a new stake in Schwab US Broad Market ETF during the 4th quarter worth approximately $33,000. Finally, LRI Investments LLC acquired a new position in Schwab US Broad Market ETF in the 4th quarter valued at approximately $35,000.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB opened at $28.85 on Friday. The firm has a 50 day moving average price of $28.82 and a two-hundred day moving average price of $27.42. The stock has a market cap of $43.28 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 52-week low of $23.85 and a 52-week high of $29.35.

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.