Liberty Capital Management Inc. Purchases 708,748 Shares of Schwab US Broad Market ETF $SCHB

Liberty Capital Management Inc. purchased a new stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) during the third quarter, Holdings Channel reports. The fund purchased 708,748 shares of the company’s stock, valued at approximately $20,773,000. Schwab US Broad Market ETF accounts for approximately 3.6% of Liberty Capital Management Inc.’s investment portfolio, making the stock its 4th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Markowski Investments acquired a new stake in shares of Schwab US Broad Market ETF in the 2nd quarter valued at $31,000. Compass Financial Management LLC bought a new stake in Schwab US Broad Market ETF in the second quarter worth $38,000. Albion Financial Group UT acquired a new position in Schwab US Broad Market ETF during the third quarter worth $38,000. NWK Group Inc. increased its position in Schwab US Broad Market ETF by 23.0% during 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 during the last quarter. Finally, Byrne Asset Management LLC acquired a new position in Schwab US Broad Market ETF during the second quarter worth $59,000.

Schwab US Broad Market ETF Price Performance

NYSEARCA SCHB opened at $28.20 on Friday. Schwab US Broad Market ETF has a fifty-two week low of $24.28 and a fifty-two week high of $30.15. The stock’s 50-day moving average is $29.49 and its two-hundred day moving average is $28.16. The firm has a market cap of $42.92 billion, a P/E ratio of 25.08 and a beta of 1.02.

Schwab US Broad Market ETF Company Profile

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.