Elgethun Capital Management Buys 468,606 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Elgethun Capital Management increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 194.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 709,865 shares of the company’s stock after buying an additional 468,606 shares during the quarter. Schwab US Broad Market ETF accounts for about 3.9% of Elgethun Capital Management’s investment portfolio, making the stock its 5th biggest holding. Elgethun Capital Management’s holdings in Schwab US Broad Market ETF were worth $16,114,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Promus Capital LLC purchased a new stake in Schwab US Broad Market ETF in the 4th quarter worth approximately $25,000. Blume Capital Management Inc. increased its holdings in Schwab US Broad Market ETF by 200.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock valued at $25,000 after buying an additional 741 shares in the last quarter. Tucker Asset Management LLC raised its position in shares of Schwab US Broad Market ETF by 233.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after acquiring an additional 765 shares during the period. Maryland Capital Advisors Inc. boosted its stake in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock worth $26,000 after acquiring an additional 774 shares in the last quarter. Finally, Wiser Advisor Group LLC increased its stake in shares of Schwab US Broad Market ETF by 200.8% in the 4th quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 785 shares in the last quarter.

Schwab US Broad Market ETF Trading Down 5.9 %

Shares of SCHB stock opened at $19.47 on Monday. Schwab US Broad Market ETF has a 12-month low of $19.06 and a 12-month high of $23.77. The business’s 50 day moving average is $22.53 and its two-hundred day moving average is $22.72. The company has a market capitalization of $27.84 billion, a P/E ratio of 23.74 and a beta of 1.05.

Schwab US Broad Market ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a $0.0649 dividend. The ex-dividend date of this dividend was 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.