Gemmer Asset Management LLC Lowers Stock Position in Schwab US Broad Market ETF $SCHB

Gemmer Asset Management LLC cut its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,160,310 shares of the company’s stock after selling 11,477 shares during the period. Schwab US Broad Market ETF accounts for 2.5% of Gemmer Asset Management LLC’s holdings, making the stock its 11th biggest position. Gemmer Asset Management LLC owned about 0.08% of Schwab US Broad Market ETF worth $27,650,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SCHB. Rebalance LLC lifted its holdings in Schwab US Broad Market ETF by 10.1% during the second quarter. Rebalance LLC now owns 13,159,188 shares of the company’s stock valued at $313,583,000 after purchasing an additional 1,209,350 shares in the last quarter. SCS Capital Management LLC lifted its holdings in Schwab US Broad Market ETF by 16.6% during the first quarter. SCS Capital Management LLC now owns 11,901,176 shares of the company’s stock valued at $256,232,000 after purchasing an additional 1,697,159 shares in the last quarter. Hengehold Capital Management LLC lifted its holdings in Schwab US Broad Market ETF by 0.8% during the first quarter. Hengehold Capital Management LLC now owns 9,013,141 shares of the company’s stock valued at $194,053,000 after purchasing an additional 70,735 shares in the last quarter. Strid Group LLC lifted its holdings in Schwab US Broad Market ETF by 0.5% during the second quarter. Strid Group LLC now owns 8,658,237 shares of the company’s stock valued at $206,322,000 after purchasing an additional 43,935 shares in the last quarter. Finally, Bouchey Financial Group Ltd lifted its holdings in Schwab US Broad Market ETF by 0.9% during the first quarter. Bouchey Financial Group Ltd now owns 8,238,465 shares of the company’s stock valued at $177,374,000 after purchasing an additional 72,697 shares in the last quarter.

Schwab US Broad Market ETF Stock Up 0.0%

SCHB opened at $25.84 on Friday. The company has a market cap of $37.54 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $25.99. The firm’s fifty day simple moving average is $25.03 and its two-hundred day simple moving average is $23.31.

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.