Morling Financial Advisors LLC Purchases 32,119 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Morling Financial Advisors LLC increased its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 179.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,025 shares of the company’s stock after purchasing an additional 32,119 shares during the quarter. Schwab US Broad Market ETF accounts for approximately 0.4% of Morling Financial Advisors LLC’s investment portfolio, making the stock its 24th largest position. Morling Financial Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $1,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Axxcess Wealth Management LLC raised its stake in Schwab US Broad Market ETF by 33.0% during the third quarter. Axxcess Wealth Management LLC now owns 12,158 shares of the company’s stock worth $809,000 after acquiring an additional 3,015 shares in the last quarter. Meritage Portfolio Management raised its stake in Schwab US Broad Market ETF by 41.4% during the third quarter. Meritage Portfolio Management now owns 32,669 shares of the company’s stock worth $2,173,000 after acquiring an additional 9,570 shares in the last quarter. Bond & Devick Financial Network Inc. raised its stake in Schwab US Broad Market ETF by 38.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 186,163 shares of the company’s stock worth $12,384,000 after acquiring an additional 51,336 shares in the last quarter. Buckingham Capital Management Inc. raised its stake in Schwab US Broad Market ETF by 1.9% during the third quarter. Buckingham Capital Management Inc. now owns 555,851 shares of the company’s stock worth $36,975,000 after acquiring an additional 10,418 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in Schwab US Broad Market ETF by 1.0% during the third quarter. Harbour Investments Inc. now owns 280,036 shares of the company’s stock worth $18,628,000 after acquiring an additional 2,659 shares in the last quarter.

Schwab US Broad Market ETF Trading Down 2.7 %

Shares of NYSEARCA SCHB opened at $21.58 on Tuesday. The stock has a 50-day moving average price of $23.08 and a two-hundred day moving average price of $22.71. Schwab US Broad Market ETF has a 12 month low of $19.14 and a 12 month high of $23.77. The company has a market cap of $30.86 billion, a price-to-earnings ratio of 25.96 and a beta of 1.04.

Schwab US Broad Market ETF 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.