Twele Capital Management Inc. Makes New $789,000 Investment in Schwab US Broad Market ETF $SCHB

Twele Capital Management Inc. purchased a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 26,916 shares of the company’s stock, valued at approximately $789,000.

A number of other large investors have also made changes to their positions in SCHB. Hanson & Doremus Investment Management boosted its holdings in Schwab US Broad Market ETF by 0.5% during the first quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock worth $176,733,000 after buying an additional 33,281 shares in the last quarter. Forvis Mazars Wealth Advisors LLC purchased a new position in Schwab US Broad Market ETF in the third quarter valued at about $175,355,000. Evergreen Advisors LLC lifted its position in shares of Schwab US Broad Market ETF by 1.8% during the 1st quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock valued at $157,632,000 after acquiring an additional 112,717 shares during the period. HHM Wealth Advisors LLC lifted its position in shares of Schwab US Broad Market ETF by 2.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock valued at $129,179,000 after acquiring an additional 108,943 shares during the period. Finally, Mariner LLC lifted its position in shares of Schwab US Broad Market ETF by 3.8% during the 4th quarter. Mariner LLC now owns 4,454,313 shares of the company’s stock valued at $116,847,000 after acquiring an additional 164,384 shares during the period.

Schwab US Broad Market ETF Trading Down 0.1%

Shares of NYSEARCA:SCHB traded down $0.03 during trading on Tuesday, hitting $29.85. 7,514,141 shares of the stock were exchanged, compared to its average volume of 9,100,331. The company has a fifty day moving average price of $29.64 and a two-hundred day moving average price of $28.61. The company has a market cap of $45.25 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12-month low of $24.28 and a 12-month high of $30.15.

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.