Madden Advisory Services Inc. Sells 20,556 Shares of Schwab US Broad Market ETF $SCHB

Madden Advisory Services Inc. lessened its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHBFree Report) by 2.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 757,992 shares of the company’s stock after selling 20,556 shares during the period. Schwab US Broad Market ETF comprises 7.7% of Madden Advisory Services Inc.’s holdings, making the stock its largest holding. Madden Advisory Services Inc. owned 0.05% of Schwab US Broad Market ETF worth $18,063,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rebalance LLC raised its stake in Schwab US Broad Market ETF by 10.1% in the second quarter. Rebalance LLC now owns 13,159,188 shares of the company’s stock valued at $313,583,000 after purchasing an additional 1,209,350 shares in the last quarter. SCS Capital Management LLC increased its holdings in Schwab US Broad Market ETF by 16.6% in the 1st quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock valued at $256,232,000 after buying an additional 1,697,159 shares during the period. Hengehold Capital Management LLC increased its holdings in Schwab US Broad Market ETF by 0.8% in the 1st quarter. Hengehold Capital Management LLC now owns 9,013,141 shares of the company’s stock valued at $194,053,000 after buying an additional 70,735 shares during the period. Strid Group LLC increased its holdings in Schwab US Broad Market ETF by 0.5% in the 2nd quarter. Strid Group LLC now owns 8,658,237 shares of the company’s stock valued at $206,322,000 after buying an additional 43,935 shares during the period. Finally, Bouchey Financial Group Ltd increased its holdings in Schwab US Broad Market ETF by 0.9% in the 1st quarter. Bouchey Financial Group Ltd now owns 8,238,465 shares of the company’s stock valued at $177,374,000 after buying an additional 72,697 shares during the period.

Schwab US Broad Market ETF Trading Down 0.4%

NYSEARCA SCHB opened at $25.82 on Wednesday. The firm has a market capitalization of $37.52 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. The firm’s 50 day simple moving average is $25.09 and its 200 day simple moving average is $23.37. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $25.99.

Schwab US Broad Market ETF Profile

(Free Report)

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

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