SNS Financial Group LLC Increases Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

SNS Financial Group LLC lifted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,457 shares of the company’s stock after purchasing an additional 16,051 shares during the quarter. Schwab US Broad Market ETF accounts for 4.7% of SNS Financial Group LLC’s portfolio, making the stock its 3rd largest position. SNS Financial Group LLC’s holdings in Schwab US Broad Market ETF were worth $24,788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in shares of Schwab US Broad Market ETF during the second quarter worth $26,000. Ellis Investment Partners LLC bought a new position in shares of Schwab US Broad Market ETF during the first quarter worth $27,000. Gradient Investments LLC boosted its position in shares of Schwab US Broad Market ETF by 280.0% during the second quarter. Gradient Investments LLC now owns 494 shares of the company’s stock worth $35,000 after purchasing an additional 364 shares in the last quarter. Advisory Alpha LLC bought a new position in shares of Schwab US Broad Market ETF during the first quarter worth $37,000. Finally, Astor Investment Management LLC bought a new position in shares of Schwab US Broad Market ETF during the second quarter worth $44,000.

SCHB traded down $0.39 during trading on Wednesday, hitting $68.71. The company had a trading volume of 796,979 shares, compared to its average volume of 1,040,126. Schwab US Broad Market ETF has a one year low of $56.12 and a one year high of $72.63. The stock has a 50-day moving average of $71.24.

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.

See Also: Balanced Fund

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Institutional Ownership by Quarter for Schwab US Broad Market ETF (NYSEARCA:SCHB)

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