Riggs Capital Management LLC Acquires Shares of 11,997 Schwab US Broad Market ETF (NYSEARCA:SCHB)

Riggs Capital Management LLC bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,997 shares of the company’s stock, valued at approximately $272,000.

A number of other institutional investors have also recently modified their holdings of SCHB. Summit Financial LLC raised its position in shares of Schwab US Broad Market ETF by 331.6% in the 4th quarter. Summit Financial LLC now owns 95,993 shares of the company’s stock worth $2,179,000 after purchasing an additional 73,753 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Schwab US Broad Market ETF by 98.6% in the fourth quarter. Alliancebernstein L.P. now owns 278,497 shares of the company’s stock worth $6,322,000 after buying an additional 138,257 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its stake in shares of Schwab US Broad Market ETF by 198.9% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 128,320 shares of the company’s stock worth $2,913,000 after buying an additional 85,394 shares in the last quarter. Goepper Burkhardt LLC lifted its stake in shares of Schwab US Broad Market ETF by 195.3% in the fourth quarter. Goepper Burkhardt LLC now owns 1,069,797 shares of the company’s stock worth $24,284,000 after buying an additional 707,510 shares in the last quarter. Finally, D L Carlson Investment Group Inc. grew its holdings in shares of Schwab US Broad Market ETF by 215.5% during the fourth quarter. D L Carlson Investment Group Inc. now owns 2,744,912 shares of the company’s stock valued at $62,309,000 after buying an additional 1,874,958 shares during the last quarter.

Schwab US Broad Market ETF Stock Down 1.9 %

Shares of NYSEARCA SCHB opened at $21.44 on Monday. The firm has a market cap of $30.66 billion, a P/E ratio of 23.74 and a beta of 1.05. Schwab US Broad Market ETF has a twelve month low of $19.14 and a twelve month high of $23.77. The company has a 50 day moving average of $22.78 and a 200 day moving average of $22.74.

Schwab US Broad Market ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be paid a $0.0649 dividend. The ex-dividend date is Wednesday, March 26th.

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.