Morling Financial Advisors LLC Reduces Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Morling Financial Advisors LLC trimmed its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,818 shares of the company’s stock after selling 343 shares during the period. Schwab US Broad Market ETF makes up 1.0% of Morling Financial Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Morling Financial Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zhang Financial LLC grew its position in Schwab US Broad Market ETF by 5.4% during the 4th quarter. Zhang Financial LLC now owns 153,865 shares of the company’s stock worth $8,566,000 after purchasing an additional 7,844 shares during the last quarter. Natixis Advisors L.P. purchased a new position in Schwab US Broad Market ETF during the 3rd quarter worth $666,000. Morningstar Investment Services LLC lifted its stake in shares of Schwab US Broad Market ETF by 6.9% in the 3rd quarter. Morningstar Investment Services LLC now owns 664,824 shares of the company’s stock worth $33,215,000 after acquiring an additional 43,035 shares during the period. Citigroup Inc. lifted its stake in shares of Schwab US Broad Market ETF by 9.9% in the 3rd quarter. Citigroup Inc. now owns 3,062 shares of the company’s stock worth $153,000 after acquiring an additional 275 shares during the period. Finally, WBH Advisory Inc. lifted its stake in shares of Schwab US Broad Market ETF by 2.7% in the 4th quarter. WBH Advisory Inc. now owns 556,907 shares of the company’s stock worth $31,003,000 after acquiring an additional 14,679 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock traded down $0.01 during mid-day trading on Wednesday, hitting $58.83. The stock had a trading volume of 895,801 shares, compared to its average volume of 869,022. Schwab US Broad Market ETF has a fifty-two week low of $46.92 and a fifty-two week high of $61.18. The firm has a market cap of $26.98 billion, a PE ratio of 24.49 and a beta of 1.03. The company’s 50-day simple moving average is $59.56 and its 200-day simple moving average is $55.68.

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.