MCF Advisors LLC Sells 19,648 Shares of Schwab US Broad Market ETF $SCHB

MCF Advisors LLC reduced its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 15.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 107,501 shares of the company’s stock after selling 19,648 shares during the period. MCF Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $3,113,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SCHB. Brighton Jones LLC grew its stake in shares of Schwab US Broad Market ETF by 1,209.6% during the fourth quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock worth $5,190,000 after purchasing an additional 211,168 shares during the period. Revolve Wealth Partners LLC raised its position in Schwab US Broad Market ETF by 197.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after acquiring an additional 14,279 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Schwab US Broad Market ETF by 50.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,549,572 shares of the company’s stock valued at $33,362,000 after acquiring an additional 518,984 shares during the last quarter. Schnieders Capital Management LLC. bought a new position in Schwab US Broad Market ETF during the second quarter worth about $218,000. Finally, Russell Investments Group Ltd. increased its position in Schwab US Broad Market ETF by 18.5% during the second quarter. Russell Investments Group Ltd. now owns 9,924 shares of the company’s stock worth $236,000 after buying an additional 1,552 shares during the last quarter.

Schwab US Broad Market ETF Trading Down 0.6%

Shares of NYSEARCA SCHB opened at $29.40 on Thursday. Schwab US Broad Market ETF has a 12 month low of $24.28 and a 12 month high of $30.15. The stock has a 50 day moving average of $29.32 and a 200-day moving average of $28.03. The company has a market capitalization of $44.11 billion, a P/E ratio of 25.08 and a beta of 1.02.

About Schwab US Broad Market ETF

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.