Bangor Savings Bank Reduces Stock Position in Schwab US Small-Cap ETF $SCHA

Bangor Savings Bank lowered its position in Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 4.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 517,818 shares of the company’s stock after selling 23,400 shares during the quarter. Schwab US Small-Cap ETF accounts for about 1.4% of Bangor Savings Bank’s investment portfolio, making the stock its 16th biggest holding. Bangor Savings Bank’s holdings in Schwab US Small-Cap ETF were worth $18,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Private Client Services LLC bought a new position in Schwab US Small-Cap ETF in the 2nd quarter worth $294,000. Global Wealth Strategies & Associates boosted its holdings in Schwab US Small-Cap ETF by 12.1% in the 2nd quarter. Global Wealth Strategies & Associates now owns 320,503 shares of the company’s stock worth $11,580,000 after buying an additional 34,605 shares during the period. Ballast Advisors LLC increased its stake in Schwab US Small-Cap ETF by 5.6% in the 1st quarter. Ballast Advisors LLC now owns 195,171 shares of the company’s stock worth $5,676,000 after buying an additional 10,301 shares in the last quarter. Western Wealth Management LLC increased its stake in Schwab US Small-Cap ETF by 58.8% in the 1st quarter. Western Wealth Management LLC now owns 16,095 shares of the company’s stock worth $468,000 after buying an additional 5,957 shares in the last quarter. Finally, Wealthquest Corp bought a new stake in Schwab US Small-Cap ETF during the first quarter valued at about $253,000.

Schwab US Small-Cap ETF Stock Up 1.8%

NYSEARCA SCHA opened at $34.18 on Tuesday. The business has a 50-day moving average price of $34.45 and a 200-day moving average price of $32.10. The firm has a market cap of $23.53 billion, a price-to-earnings ratio of 17.65 and a beta of 1.09. Schwab US Small-Cap ETF has a twelve month low of $25.46 and a twelve month high of $36.20.

Schwab US Small-Cap ETF Company Profile

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.