Schwab US Broad Market ETF $SCHB Shares Purchased by Morling Financial Advisors LLC

Morling Financial Advisors LLC boosted its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 16.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,815 shares of the company’s stock after buying an additional 8,254 shares during the period. Schwab US Broad Market ETF makes up 0.5% of Morling Financial Advisors LLC’s holdings, making the stock its 26th largest position. Morling Financial Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $1,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc grew its position in Schwab US Broad Market ETF by 310.6% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock worth $26,000 after purchasing an additional 820 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF in the first quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF in the first quarter worth about $30,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Schwab US Broad Market ETF during the first quarter worth about $32,000. Finally, Brooklyn Investment Group purchased a new stake in Schwab US Broad Market ETF in the first quarter valued at approximately $49,000.

Schwab US Broad Market ETF Trading Down 0.7%

Shares of NYSEARCA:SCHB opened at $25.37 on Wednesday. Schwab US Broad Market ETF has a twelve month low of $18.52 and a twelve month high of $26.57. The company has a market cap of $36.91 billion, a PE ratio of 25.08 and a beta of 1.02. The company’s 50 day moving average is $25.81 and its 200 day moving average is $24.48.

Schwab US Broad Market ETF Company 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.