McCarthy Asset Management Inc. Cuts Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

McCarthy Asset Management Inc. trimmed its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,847 shares of the company’s stock after selling 563 shares during the period. Schwab US Broad Market ETF comprises about 1.6% of McCarthy Asset Management Inc.’s investment portfolio, making the stock its 12th biggest position. McCarthy Asset Management Inc.’s holdings in Schwab US Broad Market ETF were worth $2,552,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. HighTower Advisors LLC boosted its position in Schwab US Broad Market ETF by 74.8% in the 3rd quarter. HighTower Advisors LLC now owns 1,822,524 shares of the company’s stock valued at $90,783,000 after buying an additional 779,722 shares during the period. Compass Advisory Group LLC increased its holdings in shares of Schwab US Broad Market ETF by 384.5% in the fourth quarter. Compass Advisory Group LLC now owns 730,442 shares of the company’s stock valued at $40,664,000 after purchasing an additional 579,689 shares during the last quarter. GSG Advisors LLC purchased a new position in Schwab US Broad Market ETF during the third quarter worth approximately $15,503,000. Cerity Partners LLC boosted its stake in Schwab US Broad Market ETF by 259.7% during the fourth quarter. Cerity Partners LLC now owns 394,955 shares of the company’s stock worth $21,987,000 after buying an additional 285,145 shares during the last quarter. Finally, Wynn Capital LLC acquired a new position in Schwab US Broad Market ETF during the fourth quarter worth $15,332,000.

Schwab US Broad Market ETF Stock Up 0.9 %

Shares of SCHB traded up $0.51 during midday trading on Friday, reaching $59.11. The company had a trading volume of 534,844 shares, compared to its average volume of 863,003. Schwab US Broad Market ETF has a 1-year low of $46.92 and a 1-year high of $61.18. The firm has a 50 day simple moving average of $59.59 and a 200-day simple moving average of $55.78. The stock has a market cap of $27.11 billion, a PE ratio of 24.49 and a beta of 1.03.

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.