Lido Advisors LLC Has $18.02 Million Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Lido Advisors LLC raised its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 408.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 793,869 shares of the company’s stock after purchasing an additional 637,818 shares during the period. Lido Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $18,021,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Promus Capital LLC bought a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth about $25,000. Blume Capital Management Inc. raised its holdings in Schwab US Broad Market ETF by 200.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock worth $25,000 after purchasing an additional 741 shares during the last quarter. Tucker Asset Management LLC lifted its position in shares of Schwab US Broad Market ETF by 233.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after purchasing an additional 765 shares during the period. Maryland Capital Advisors Inc. lifted its position in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock worth $26,000 after purchasing an additional 774 shares during the period. Finally, Wiser Advisor Group LLC boosted 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 during the last quarter.

Schwab US Broad Market ETF Stock Up 0.1 %

SCHB opened at $21.23 on Tuesday. The stock has a market cap of $30.57 billion, a PE ratio of 24.33 and a beta of 1.04. Schwab US Broad Market ETF has a twelve month low of $18.53 and a twelve month high of $23.77. The company has a fifty day moving average of $21.41 and a 200-day moving average of $22.49.

Schwab US Broad Market ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.0649 per share. The ex-dividend date of this dividend was 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.