Islay Capital Management LLC Sells 45,488 Shares of Schwab US Broad Market ETF $SCHB

Islay Capital Management LLC lowered its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 15.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 257,185 shares of the company’s stock after selling 45,488 shares during the quarter. Schwab US Broad Market ETF accounts for about 4.0% of Islay Capital Management LLC’s holdings, making the stock its 3rd biggest position. Islay Capital Management LLC’s holdings in Schwab US Broad Market ETF were worth $6,129,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in SCHB. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF in the first quarter valued at about $25,000. Christopher J. Hasenberg Inc grew its position in Schwab US Broad Market ETF by 310.6% during the second quarter. Christopher J. Hasenberg Inc now owns 1,084 shares of the company’s stock worth $26,000 after buying an additional 820 shares during the period. Wealth Preservation Advisors LLC purchased a new position in Schwab US Broad Market ETF in the first quarter valued at about $30,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Schwab US Broad Market ETF in the first quarter valued at about $32,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Schwab US Broad Market ETF during the 1st quarter valued at approximately $49,000.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $25.82 on Friday. The firm has a market capitalization of $37.57 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The business’s 50 day simple moving average is $25.78 and its 200-day simple moving average is $24.35. Schwab US Broad Market ETF has a 12 month low of $18.52 and a 12 month high of $26.57.

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.