Meritage Portfolio Management Sells 2,088 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Meritage Portfolio Management decreased its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 11.2% in the first quarter, Holdings Channel reports. The firm owned 16,617 shares of the company’s stock after selling 2,088 shares during the quarter. Meritage Portfolio Management’s holdings in Schwab US Broad Market ETF were worth $1,607,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of Schwab US Broad Market ETF in the first quarter worth $31,000. Wells Financial Advisors INC purchased a new position in Schwab US Broad Market ETF during the fourth quarter valued at $42,000. Regent Peak Wealth Advisors LLC purchased a new position in Schwab US Broad Market ETF during the fourth quarter valued at $64,000. Steward Partners Investment Advisory LLC lifted its position in shares of Schwab US Broad Market ETF by 118.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 896 shares of the company’s stock valued at $82,000 after acquiring an additional 485 shares in the last quarter. Finally, Proequities Inc. lifted its position in shares of Schwab US Broad Market ETF by 25.4% in the fourth quarter. Proequities Inc. now owns 1,095 shares of the company’s stock valued at $100,000 after acquiring an additional 222 shares in the last quarter.

Shares of SCHB stock opened at $101.82 on Tuesday. Schwab US Broad Market ETF has a 12-month low of $64.93 and a 12-month high of $102.72. The stock’s 50-day moving average price is $98.99 and its 200-day moving average price is $92.24.

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.

Further Reading: Limitations of the P/E Growth ratio

Want to see what other hedge funds are holding SCHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Broad Market ETF (NYSEARCA:SCHB).

Institutional Ownership by Quarter for Schwab US Broad Market ETF (NYSEARCA:SCHB)

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