MainStreet Investment Advisors LLC Sells 375 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

MainStreet Investment Advisors LLC cut its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,000 shares of the company’s stock after selling 375 shares during the period. MainStreet Investment Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Schwab US Broad Market ETF during the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC bought a new stake in Schwab US Broad Market ETF during the 2nd quarter valued at $30,000. Johnson Financial Group Inc. lifted its position in shares of Schwab US Broad Market ETF by 76.3% during the fourth quarter. Johnson Financial Group Inc. now owns 737 shares of the company’s stock worth $41,000 after acquiring an additional 319 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of Schwab US Broad Market ETF in the fourth quarter worth $43,000. Finally, Principal Securities Inc. purchased a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at $46,000.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $62.54 on Friday. The business’s fifty day moving average is $63.64 and its 200 day moving average is $61.62. The firm has a market cap of $28.75 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02. Schwab US Broad Market ETF has a 52-week low of $47.46 and a 52-week high of $65.57.

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.