InterOcean Capital LLC trimmed its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 59.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,426 shares of the company’s stock after selling 8,115 shares during the period. InterOcean Capital LLC’s holdings in Schwab US Broad Market ETF were worth $328,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in SCHB. Carolina Wealth Advisors LLC bought a new stake in shares of Schwab US Broad Market ETF in the 4th quarter worth about $25,000. Independence Advisors LLC purchased a new stake in Schwab US Broad Market ETF in the 4th quarter worth about $27,000. Lakeview Capital Partners LLC bought a new stake in Schwab US Broad Market ETF in the fourth quarter worth about $29,000. Cornerstone Advisors Inc. purchased a new position in shares of Schwab US Broad Market ETF during the first quarter valued at approximately $30,000. Finally, Synovus Financial Corp grew its stake in shares of Schwab US Broad Market ETF by 818.2% during the first quarter. Synovus Financial Corp now owns 505 shares of the company’s stock valued at $30,000 after buying an additional 450 shares during the last quarter.
Shares of SCHB stock traded up $0.22 on Friday, reaching $69.97. 1,139,381 shares of the company’s stock were exchanged, compared to its average volume of 2,134,999. The company’s fifty day simple moving average is $65.89 and its 200 day simple moving average is $71.88. Schwab US Broad Market ETF has a 52 week low of $51.38 and a 52 week high of $81.04.
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.
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