Schwab US Broad Market ETF $SCHB Shares Newly Purchased by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. purchased a new stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the third quarter, HoldingsChannel.com reports. The fund purchased 46,220 shares of the company’s stock, valued at approximately $1,355,000.

Several other institutional investors and hedge funds have also made changes to their positions in SCHB. Forvis Mazars Wealth Advisors LLC acquired a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter worth about $175,355,000. Capital & Planning LLC acquired a new stake in shares of Schwab US Broad Market ETF during the 2nd quarter worth $875,000. First Heartland Consultants Inc. acquired a new stake in Schwab US Broad Market ETF during the third quarter worth about $823,000. Allworth Financial LP increased its position in Schwab US Broad Market ETF by 6.2% during the 2nd quarter. Allworth Financial LP now owns 1,809,502 shares of the company’s stock worth $52,403,000 after purchasing an additional 106,193 shares in the last quarter. Finally, Corient Private Wealth LP increased its position in shares of Schwab US Broad Market ETF by 15.0% in the second quarter. Corient Private Wealth LP now owns 1,001,507 shares of the company’s stock worth $29,004,000 after acquiring an additional 130,691 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

NYSEARCA:SCHB opened at $29.58 on Wednesday. The firm has a market capitalization of $44.95 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. The business’s 50-day moving average is $29.56 and its two-hundred day moving average is $28.08.

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.