Caprock Group LLC Invests $54.99 Million in Schwab US Broad Market ETF $SCHB

Caprock Group LLC acquired a new stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) during the third quarter, HoldingsChannel reports. The fund acquired 2,204,784 shares of the company’s stock, valued at approximately $54,987,000. Schwab US Broad Market ETF accounts for approximately 1.3% of Caprock Group LLC’s holdings, making the stock its 9th largest holding.

Several other institutional investors also recently bought and sold shares of the business. Liberty Capital Management Inc. lifted its holdings in Schwab US Broad Market ETF by 2.3% during the third quarter. Liberty Capital Management Inc. now owns 426,051 shares of the company’s stock worth $10,954,000 after buying an additional 9,704 shares during the period. Wealthstream Advisors Inc. raised its position in shares of Schwab US Broad Market ETF by 15.2% in the 3rd quarter. Wealthstream Advisors Inc. now owns 45,903 shares of the company’s stock worth $1,180,000 after acquiring an additional 6,040 shares in the last quarter. Northwest Financial Advisors purchased a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter worth $214,000. Midwest Trust Co purchased a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter worth $329,000. Finally, Summit Asset Management LLC boosted its position in Schwab US Broad Market ETF by 2.5% during the third quarter. Summit Asset Management LLC now owns 25,233 shares of the company’s stock valued at $649,000 after purchasing an additional 608 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB opened at $26.73 on Wednesday. The firm has a market capitalization of $38.95 billion, a PE ratio of 25.08 and a beta of 1.02. The business’s 50-day moving average is $26.51 and its two-hundred day moving average is $25.81. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $26.94.

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.