708,748 Shares in Schwab US Broad Market ETF $SCHB Purchased by Liberty Capital Management Inc.

Liberty Capital Management Inc. purchased a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 708,748 shares of the company’s stock, valued at approximately $20,773,000. Schwab US Broad Market ETF makes up about 3.6% of Liberty Capital Management Inc.’s investment portfolio, making the stock its 4th biggest holding.

Other institutional investors have also made changes to their positions in the company. Rebalance LLC lifted its position in Schwab US Broad Market ETF by 3.7% in the 3rd quarter. Rebalance LLC now owns 15,288,013 shares of the company’s stock worth $448,092,000 after buying an additional 549,560 shares in the last quarter. Hengehold Capital Management LLC purchased a new position in shares of Schwab US Broad Market ETF during the 3rd quarter valued at $222,931,000. Hanson & Doremus Investment Management grew its holdings in shares of Schwab US Broad Market ETF by 1.3% during the 3rd quarter. Hanson & Doremus Investment Management now owns 7,130,203 shares of the company’s stock valued at $208,986,000 after acquiring an additional 94,860 shares in the last quarter. Evergreen Advisors LLC increased its stake in shares of Schwab US Broad Market ETF by 1.8% in the first quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock worth $157,632,000 after acquiring an additional 112,717 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF in the third quarter worth $175,355,000.

Schwab US Broad Market ETF Trading Down 4.3%

NYSEARCA SCHB opened at $28.20 on Friday. Schwab US Broad Market ETF has a 1-year low of $24.28 and a 1-year high of $30.15. The firm’s fifty day simple moving average is $29.49 and its 200-day simple moving average is $28.16. The company has a market capitalization of $42.92 billion, a PE 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.