Assetmark Inc. Sells 20,416 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Assetmark Inc. trimmed its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 13.9% in the first quarter, HoldingsChannel reports. The fund owned 126,732 shares of the company’s stock after selling 20,416 shares during the period. Assetmark Inc.’s holdings in Schwab US Broad Market ETF were worth $2,729,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SCHB. Betterment LLC lifted its position in Schwab US Broad Market ETF by 193.5% during the fourth quarter. Betterment LLC now owns 17,773,620 shares of the company’s stock valued at $403,461,000 after buying an additional 11,718,291 shares during the period. Rebalance LLC lifted its position in Schwab US Broad Market ETF by 4.2% during the first quarter. Rebalance LLC now owns 11,949,838 shares of the company’s stock valued at $257,280,000 after purchasing an additional 478,833 shares during the period. SCS Capital Management LLC boosted its position in Schwab US Broad Market ETF by 170.1% in the fourth quarter. SCS Capital Management LLC now owns 10,204,017 shares of the company’s stock worth $231,631,000 after purchasing an additional 6,426,551 shares during the last quarter. Evensky & Katz LLC grew its position in Schwab US Broad Market ETF by 187.7% during the fourth quarter. Evensky & Katz LLC now owns 9,325,113 shares of the company’s stock valued at $211,680,000 after buying an additional 6,084,141 shares during the period. Finally, Hengehold Capital Management LLC lifted its position in Schwab US Broad Market ETF by 0.8% during the first quarter. Hengehold Capital Management LLC now owns 9,013,141 shares of the company’s stock valued at $194,053,000 after purchasing an additional 70,735 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $24.51 on Wednesday. The firm’s 50 day simple moving average is $23.52 and its two-hundred day simple moving average is $22.60. Schwab US Broad Market ETF has a 1-year low of $18.52 and a 1-year high of $24.65. The company has a market capitalization of $35.34 billion, a P/E ratio of 25.08 and a beta of 1.03.

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.