Schwab US Broad Market ETF (NYSEARCA:SCHB) Stake Boosted by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lifted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 89.8% during the fourth quarter, HoldingsChannel reports. The fund owned 24,037 shares of the company’s stock after purchasing an additional 11,375 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Schwab US Broad Market ETF were worth $546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC grew its position in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 16,468 shares of the company’s stock worth $374,000 after acquiring an additional 10,979 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Schwab US Broad Market ETF by 201.0% in the 4th quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock valued at $318,000 after purchasing an additional 9,352 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Schwab US Broad Market ETF by 194.3% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 25,146 shares of the company’s stock worth $571,000 after purchasing an additional 16,602 shares in the last quarter. Fulcrum Equity Management increased its position in Schwab US Broad Market ETF by 6.3% during the third quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock worth $744,000 after buying an additional 668 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Schwab US Broad Market ETF during the third quarter valued at about $703,000.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA:SCHB opened at $21.44 on Friday. The stock has a market capitalization of $30.66 billion, a P/E ratio of 23.74 and a beta of 1.05. The business has a 50-day moving average of $22.78 and a two-hundred day moving average of $22.72. Schwab US Broad Market ETF has a fifty-two week low of $19.14 and a fifty-two week high of $23.77.

Schwab US Broad Market ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.0649 per share. The ex-dividend date is Wednesday, March 26th.

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.