McCarthy Asset Management Inc. Sells 10,487 Shares of Schwab US Broad Market ETF $SCHB

McCarthy Asset Management Inc. decreased its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 88,061 shares of the company’s stock after selling 10,487 shares during the period. Schwab US Broad Market ETF makes up about 1.4% of McCarthy Asset Management Inc.’s portfolio, making the stock its 12th biggest position. McCarthy Asset Management Inc.’s holdings in Schwab US Broad Market ETF were worth $2,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rebalance LLC increased its stake in shares of Schwab US Broad Market ETF by 10.1% in the 2nd 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 during the last quarter. SCS Capital Management LLC increased its stake in shares of 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 purchasing an additional 1,697,159 shares during the last quarter. Strid Group LLC increased its stake in shares of 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 purchasing an additional 43,935 shares during the last quarter. Bouchey Financial Group Ltd increased its stake in shares of 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 purchasing an additional 72,697 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of Schwab US Broad Market ETF in the 2nd quarter valued at $161,574,000.

Schwab US Broad Market ETF Stock Up 0.8%

Shares of SCHB stock opened at $26.13 on Friday. The firm has a market capitalization of $38.02 billion, a P/E ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a twelve month low of $18.52 and a twelve month high of $26.20. The stock’s fifty day simple moving average is $25.41 and its 200 day simple moving average is $23.80.

Schwab US Broad Market ETF 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.