Schwab US Broad Market ETF $SCHB Shares Sold by Gemmer Asset Management LLC

Gemmer Asset Management LLC reduced its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 2.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,078,260 shares of the company’s stock after selling 26,623 shares during the quarter. Schwab US Broad Market ETF accounts for about 2.1% of Gemmer Asset Management LLC’s holdings, making the stock its 12th largest holding. Gemmer Asset Management LLC owned approximately 0.07% of Schwab US Broad Market ETF worth $31,604,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. NWK Group Inc. boosted its stake in Schwab US Broad Market ETF by 23.0% in the first quarter. NWK Group Inc. now owns 1,897 shares of the company’s stock worth $48,000 after buying an additional 355 shares in the last quarter. Greenleaf Trust grew its position in Schwab US Broad Market ETF by 0.9% during the second quarter. Greenleaf Trust now owns 40,725 shares of the company’s stock valued at $1,179,000 after acquiring an additional 375 shares during the last quarter. NerdWallet Wealth Partners LLC grew its position in Schwab US Broad Market ETF by 4.5% during the first quarter. NerdWallet Wealth Partners LLC now owns 9,017 shares of the company’s stock valued at $226,000 after acquiring an additional 385 shares during the last quarter. Selby Wealth Management LLC raised its position in Schwab US Broad Market ETF by 0.3% in the 3rd quarter. Selby Wealth Management LLC now owns 130,852 shares of the company’s stock worth $3,835,000 after purchasing an additional 394 shares during the period. Finally, Wealthgarden F.S. LLC increased its holdings in shares of Schwab US Broad Market ETF by 1.2% in the first quarter. Wealthgarden F.S. LLC now owns 34,107 shares of the company’s stock worth $856,000 after buying an additional 395 shares during the period.

Schwab US Broad Market ETF Stock Down 1.2%

Shares of NYSEARCA SCHB opened at $29.28 on Friday. The firm’s fifty day moving average is $29.62 and its 200 day moving average is $28.71. Schwab US Broad Market ETF has a 52 week low of $24.28 and a 52 week high of $30.15. The company has a market cap of $44.43 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.