Gemmer Asset Management LLC Has $25.23 Million Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Gemmer Asset Management LLC grew its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.9% during the first quarter, Holdings Channel reports. The firm owned 1,171,787 shares of the company’s stock after purchasing an additional 10,008 shares during the period. Schwab US Broad Market ETF makes up approximately 2.5% of Gemmer Asset Management LLC’s portfolio, making the stock its 11th largest position. Gemmer Asset Management LLC’s holdings in Schwab US Broad Market ETF were worth $25,229,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Promus Capital LLC bought a new stake in Schwab US Broad Market ETF during the fourth quarter worth $25,000. Blume Capital Management Inc. grew its position in shares of Schwab US Broad Market ETF by 200.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock valued at $25,000 after purchasing an additional 741 shares in the last quarter. Tucker Asset Management LLC grew its position in shares of Schwab US Broad Market ETF by 233.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after purchasing an additional 765 shares in the last quarter. Studio Investment Management LLC grew its position in shares of Schwab US Broad Market ETF by 200.0% in the fourth quarter. Studio Investment Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after purchasing an additional 728 shares in the last quarter. Finally, Maryland Capital Advisors Inc. grew its position in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock worth $26,000 after buying an additional 774 shares in the last quarter.

Schwab US Broad Market ETF Stock Up 1.0%

Schwab US Broad Market ETF stock opened at $23.12 on Friday. Schwab US Broad Market ETF has a 52 week low of $18.53 and a 52 week high of $23.77. The business has a 50-day simple moving average of $21.54 and a 200 day simple moving average of $22.44. The stock has a market cap of $33.29 billion, a price-to-earnings ratio of 23.87 and a beta of 1.03.

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.