Meritage Portfolio Management Sells 1,781 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Meritage Portfolio Management cut its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,327 shares of the company’s stock after selling 1,781 shares during the period. Meritage Portfolio Management’s holdings in Schwab US Broad Market ETF were worth $1,132,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SCHB. Lee Financial Co purchased a new position in Schwab US Broad Market ETF in the 3rd quarter worth approximately $35,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Schwab US Broad Market ETF by 55.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 621 shares of the company’s stock worth $35,000 after acquiring an additional 221 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Schwab US Broad Market ETF during the 4th quarter worth approximately $41,000. Bfsg LLC purchased a new stake in shares of Schwab US Broad Market ETF during the 4th quarter worth approximately $41,000. Finally, Impact Partnership Wealth LLC purchased a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter worth approximately $46,000.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB traded up $0.65 during mid-day trading on Friday, hitting $59.25. 428,304 shares of the stock were exchanged, compared to its average volume of 861,491. The company has a market cap of $27.18 billion, a PE ratio of 24.49 and a beta of 1.03. Schwab US Broad Market ETF has a 52-week low of $46.92 and a 52-week high of $61.18. The firm has a 50-day moving average of $59.57 and a two-hundred day moving average of $55.72.

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.