Midwest Capital Advisors LLC Reduces Stake in Schwab US Broad Market ETF $SCHB

Midwest Capital Advisors LLC reduced its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,059 shares of the company’s stock after selling 926 shares during the period. Schwab US Broad Market ETF makes up about 1.1% of Midwest Capital Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Midwest Capital Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $2,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF in the 1st quarter worth $25,000. Christopher J. Hasenberg Inc raised its holdings in Schwab US Broad Market ETF by 310.6% in 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 period. Wealth Preservation Advisors LLC bought a new position in Schwab US Broad Market ETF in the 1st quarter worth $30,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in Schwab US Broad Market ETF in the 1st quarter worth $32,000. Finally, Brooklyn Investment Group bought a new position in Schwab US Broad Market ETF in the 1st quarter worth $49,000.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock opened at $25.20 on Friday. Schwab US Broad Market ETF has a one year low of $18.52 and a one year high of $26.01. The stock’s fifty day moving average is $25.17 and its 200 day moving average is $23.44. The stock has a market cap of $36.63 billion, a P/E ratio of 25.08 and a beta of 1.03.

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.