Gemmer Asset Management LLC Purchases 779,241 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Gemmer Asset Management LLC lifted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 203.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,161,779 shares of the company’s stock after purchasing an additional 779,241 shares during the quarter. Schwab US Broad Market ETF comprises 2.6% of Gemmer Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Gemmer Asset Management LLC’s holdings in Schwab US Broad Market ETF were worth $26,372,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of Schwab US Broad Market ETF by 201.0% during the 4th quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock valued at $318,000 after buying an additional 9,352 shares in the last quarter. Fulcrum Equity Management lifted its position in Schwab US Broad Market ETF by 6.3% during the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock valued at $744,000 after acquiring an additional 668 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Schwab US Broad Market ETF during the third quarter worth about $703,000. Franklin Resources Inc. grew its holdings in Schwab US Broad Market ETF by 952.4% in the third quarter. Franklin Resources Inc. now owns 4,420 shares of the company’s stock worth $294,000 after purchasing an additional 4,000 shares during the period. Finally, Tudor Financial Inc. bought a new position in shares of Schwab US Broad Market ETF during the third quarter valued at approximately $996,000.

Schwab US Broad Market ETF Stock Performance

SCHB stock opened at $23.21 on Monday. The firm has a 50 day moving average price of $23.12 and a 200-day moving average price of $22.19. Schwab US Broad Market ETF has a 52-week low of $18.34 and a 52-week high of $23.73. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 25.24 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.