Towercrest Capital Management Sells 58,345 Shares of Schwab US Small-Cap ETF $SCHA

Towercrest Capital Management cut its position in shares of Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 315,966 shares of the company’s stock after selling 58,345 shares during the quarter. Schwab US Small-Cap ETF accounts for about 1.4% of Towercrest Capital Management’s portfolio, making the stock its 24th biggest holding. Towercrest Capital Management’s holdings in Schwab US Small-Cap ETF were worth $8,999,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Petra Financial Advisors Inc. grew its holdings in shares of Schwab US Small-Cap ETF by 4.5% during the fourth quarter. Petra Financial Advisors Inc. now owns 21,527 shares of the company’s stock worth $613,000 after buying an additional 936 shares in the last quarter. Wilkins Miller Wealth Management LLC grew its holdings in shares of Schwab US Small-Cap ETF by 9.6% during the fourth quarter. Wilkins Miller Wealth Management LLC now owns 200,705 shares of the company’s stock worth $5,716,000 after buying an additional 17,652 shares in the last quarter. Nestegg Advisors Inc. grew its holdings in shares of Schwab US Small-Cap ETF by 2.5% during the fourth quarter. Nestegg Advisors Inc. now owns 54,861 shares of the company’s stock worth $1,562,000 after buying an additional 1,320 shares in the last quarter. Mayport LLC bought a new position in shares of Schwab US Small-Cap ETF during the fourth quarter worth about $205,000. Finally, Daytona Street Capital LLC bought a new position in shares of Schwab US Small-Cap ETF during the fourth quarter worth about $338,000.

Schwab US Small-Cap ETF Stock Performance

NYSEARCA:SCHA opened at $29.68 on Wednesday. The company has a market cap of $20.43 billion, a PE ratio of 17.65 and a beta of 1.11. Schwab US Small-Cap ETF has a 52-week low of $20.09 and a 52-week high of $31.25. The stock has a 50-day simple moving average of $29.89 and a 200 day simple moving average of $29.06.

About Schwab US Small-Cap ETF

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps. The Fund may lend its portfolio securities to brokers, dealers and other financial institutions.