McCarthy Asset Management Inc. Sells 563 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

McCarthy Asset Management Inc. lessened its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 holdings, making the stock its 12th largest holding. McCarthy Asset Management Inc.’s holdings in Schwab US Broad Market ETF were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Brio Consultants LLC boosted its stake in shares of Schwab US Broad Market ETF by 21.2% during the fourth quarter. Brio Consultants LLC now owns 5,509 shares of the company’s stock valued at $307,000 after purchasing an additional 965 shares during the period. Valmark Advisers Inc. boosted its position in Schwab US Broad Market ETF by 2.8% during the 4th quarter. Valmark Advisers Inc. now owns 94,691 shares of the company’s stock valued at $5,271,000 after buying an additional 2,579 shares during the period. Heritage Financial Services LLC purchased a new stake in Schwab US Broad Market ETF during the 4th quarter valued at $438,000. Chapman Investment Management LLC bought a new stake in Schwab US Broad Market ETF in the 4th quarter worth $218,000. Finally, Callan Capital LLC increased its position in shares of Schwab US Broad Market ETF by 2.1% in the fourth quarter. Callan Capital LLC now owns 2,125,616 shares of the company’s stock valued at $118,333,000 after acquiring an additional 43,432 shares during the period.

Schwab US Broad Market ETF Stock Up 0.9 %

Shares of NYSEARCA:SCHB traded up $0.51 during midday trading on Friday, hitting $59.11. 534,844 shares of the stock traded hands, compared to its average volume of 863,003. The business’s 50 day moving average is $59.59 and its two-hundred day moving average is $55.78. The stock has a market capitalization of $27.11 billion, a PE ratio of 24.49 and a beta of 1.03. Schwab US Broad Market ETF has a one year low of $46.92 and a one year high of $61.18.

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.