Intelligence Driven Advisers LLC Lowers Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Intelligence Driven Advisers LLC trimmed its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 5.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 209,335 shares of the company’s stock after selling 11,096 shares during the quarter. Schwab US Broad Market ETF makes up 1.9% of Intelligence Driven Advisers LLC’s portfolio, making the stock its 13th biggest position. Intelligence Driven Advisers LLC’s holdings in Schwab US Broad Market ETF were worth $11,781,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Lee Financial Co acquired a new position in shares of Schwab US Broad Market ETF in the third quarter valued at about $35,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Schwab US Broad Market ETF by 55.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 621 shares of the company’s stock valued at $35,000 after purchasing an additional 221 shares during the period. BKM Wealth Management LLC acquired a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at about $41,000. Bfsg LLC purchased a new stake in shares of Schwab US Broad Market ETF in the fourth quarter worth about $41,000. Finally, Evolution Advisers Inc. boosted its stake in shares of Schwab US Broad Market ETF by 33.8% in the fourth quarter. Evolution Advisers Inc. now owns 756 shares of the company’s stock worth $42,000 after buying an additional 191 shares during the last quarter.

Schwab US Broad Market ETF Stock Up 0.9 %

Shares of SCHB traded up $0.53 during mid-day trading on Thursday, reaching $58.75. The company had a trading volume of 559,113 shares, compared to its average volume of 858,633. Schwab US Broad Market ETF has a 52-week low of $46.92 and a 52-week high of $61.18. The stock has a market capitalization of $26.99 billion, a P/E ratio of 24.20 and a beta of 1.03. The stock has a 50 day moving average of $59.62 and a two-hundred day moving average of $55.99.

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.