Schwab US Broad Market ETF $SCHB Shares Bought 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 second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,815 shares of the company’s stock after purchasing an additional 8,254 shares during the quarter. 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.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Schwab US Broad Market ETF during the 2nd quarter worth approximately $161,574,000. Kestra Advisory Services LLC lifted its position in shares of Schwab US Broad Market ETF by 1,807.0% in the first quarter. Kestra Advisory Services LLC now owns 2,008,516 shares of the company’s stock valued at $47,421,000 after acquiring an additional 1,903,192 shares in the last quarter. SCS Capital Management LLC boosted its stake in shares of Schwab US Broad Market ETF by 16.6% in the first quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock worth $256,232,000 after acquiring an additional 1,697,159 shares during the last quarter. HHM Wealth Advisors LLC increased its position in shares of Schwab US Broad Market ETF by 31.3% during the second quarter. HHM Wealth Advisors LLC now owns 5,468,240 shares of the company’s stock worth $130,308,000 after purchasing an additional 1,304,073 shares in the last quarter. Finally, Rebalance LLC raised its stake in 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.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock opened at $25.37 on Wednesday. The stock’s fifty day moving average is $25.81 and its two-hundred day moving average is $24.48. The firm has a market capitalization of $36.91 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $26.57.

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.