MBA Advisors LLC Has $3.46 Million Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

MBA Advisors LLC lifted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,007 shares of the company’s stock after purchasing an additional 2,253 shares during the period. Schwab US Broad Market ETF makes up about 1.8% of MBA Advisors LLC’s investment portfolio, making the stock its 18th biggest position. MBA Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $3,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Robinson Smith Wealth Advisors LLC lifted its position in shares of Schwab US Broad Market ETF by 6.6% during the second quarter. Robinson Smith Wealth Advisors LLC now owns 319,456 shares of the company’s stock worth $20,084,000 after purchasing an additional 19,725 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Schwab US Broad Market ETF in the second quarter valued at approximately $65,000. Forum Financial Management LP lifted its holdings in Schwab US Broad Market ETF by 12.0% in the second quarter. Forum Financial Management LP now owns 6,555 shares of the company’s stock valued at $412,000 after buying an additional 702 shares during the period. International Assets Investment Management LLC acquired a new position in Schwab US Broad Market ETF in the second quarter valued at approximately $125,000. Finally, Signaturefd LLC lifted its holdings in Schwab US Broad Market ETF by 0.7% in the second quarter. Signaturefd LLC now owns 48,182 shares of the company’s stock valued at $3,029,000 after buying an additional 341 shares during the period.

Schwab US Broad Market ETF Stock Up 0.9 %

NYSEARCA SCHB traded up $0.59 during trading hours on Friday, hitting $65.36. The company’s stock had a trading volume of 759,783 shares, compared to its average volume of 786,825. Schwab US Broad Market ETF has a twelve month low of $47.46 and a twelve month high of $65.57. The firm has a market capitalization of $30.05 billion, a P/E ratio of 25.24 and a beta of 1.02. The stock has a fifty day moving average of $63.55 and a 200 day moving average of $61.40.

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.