GRIMES & Co WEALTH MANAGEMENT LLC Buys 43,299 Shares of Schwab US Broad Market ETF $SCHB

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 43,299 shares of the company’s stock, valued at approximately $1,269,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rebalance LLC increased its holdings 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 acquiring an additional 549,560 shares during the last quarter. Hengehold Capital Management LLC bought a new position in Schwab US Broad Market ETF during the third quarter worth about $222,931,000. Hanson & Doremus Investment Management boosted its position in Schwab US Broad Market ETF by 1.3% during the third quarter. Hanson & Doremus Investment Management now owns 7,130,203 shares of the company’s stock worth $208,986,000 after purchasing an additional 94,860 shares during the period. Evergreen Advisors LLC boosted its position in Schwab US Broad Market ETF by 1.8% during the first quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock worth $157,632,000 after purchasing an additional 112,717 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC bought a new position in Schwab US Broad Market ETF during the third quarter worth about $175,355,000.

Schwab US Broad Market ETF Stock Up 0.3%

SCHB opened at $29.04 on Wednesday. The company has a market capitalization of $44.20 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The firm has a 50-day moving average price of $29.53 and a 200-day moving average price of $28.14. Schwab US Broad Market ETF has a twelve month low of $24.28 and a twelve month high of $30.15.

Schwab US Broad Market ETF 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.