Magnolia Capital Advisors LLC Invests $301,000 in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Magnolia Capital Advisors LLC bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,795 shares of the company’s stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new position in shares of Schwab US Broad Market ETF during the second quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new position in shares of Schwab US Broad Market ETF during the second quarter valued at approximately $30,000. Scarborough Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF during the fourth quarter valued at approximately $43,000. Palisade Asset Management LLC purchased a new position in shares of Schwab US Broad Market ETF during the first quarter valued at approximately $56,000. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Schwab US Broad Market ETF during the first quarter valued at approximately $61,000.

Schwab US Broad Market ETF Stock Up 0.4 %

SCHB opened at $66.52 on Tuesday. The firm has a 50 day moving average price of $63.99 and a 200-day moving average price of $62.26. Schwab US Broad Market ETF has a twelve month low of $47.46 and a twelve month high of $66.59. The stock has a market capitalization of $30.58 billion, a price-to-earnings ratio of 25.24 and a beta of 1.02.

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.