Jaffetilchin Investment Partners LLC Acquires 1,046,540 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Jaffetilchin Investment Partners LLC increased its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 210.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,543,891 shares of the company’s stock after purchasing an additional 1,046,540 shares during the period. Schwab US Broad Market ETF makes up 2.5% of Jaffetilchin Investment Partners LLC’s holdings, making the stock its 9th biggest position. Jaffetilchin Investment Partners LLC’s holdings in Schwab US Broad Market ETF were worth $35,046,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its stake in shares of Schwab US Broad Market ETF by 4.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 10,600 shares of the company’s stock worth $247,000 after purchasing an additional 462 shares during the period. Fulcrum Equity Management lifted its stake in shares of Schwab US Broad Market ETF by 6.3% in the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock valued at $744,000 after purchasing an additional 668 shares during the period. Valley Wealth Managers Inc. boosted its holdings in Schwab US Broad Market ETF by 45.5% during the fourth quarter. Valley Wealth Managers Inc. now owns 2,262 shares of the company’s stock worth $51,000 after buying an additional 707 shares in the last quarter. Blume Capital Management Inc. grew its position in Schwab US Broad Market ETF by 200.3% during 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 during the period. Finally, Tucker Asset Management LLC increased its holdings in 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 valued at $25,000 after buying an additional 765 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock opened at $20.17 on Friday. The firm has a 50-day simple moving average of $22.12 and a two-hundred day simple moving average of $22.62. Schwab US Broad Market ETF has a fifty-two week low of $18.53 and a fifty-two week high of $23.77. The company has a market cap of $28.84 billion, a P/E ratio of 23.74 and a beta of 1.05.

Schwab US Broad Market ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued 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.