Smith Moore & CO. Buys 75,721 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Smith Moore & CO. increased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 192.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,120 shares of the company’s stock after buying an additional 75,721 shares during the quarter. Smith Moore & CO.’s holdings in Schwab US Broad Market ETF were worth $2,613,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SCHB. Quantum Capital Management LLC NJ lifted its holdings in shares of Schwab US Broad Market ETF by 196.9% in the 4th quarter. Quantum Capital Management LLC NJ now owns 8,654 shares of the company’s stock worth $196,000 after acquiring an additional 5,739 shares during the last quarter. Wescott Financial Advisory Group LLC lifted its stake in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 11,721 shares of the company’s stock worth $266,000 after purchasing an additional 7,814 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in Schwab US Broad Market ETF by 200.1% in the fourth quarter. Thoroughbred Financial Services LLC now owns 9,030 shares of the company’s stock worth $204,000 after purchasing an additional 6,021 shares during the last quarter. Resolute Advisors LLC boosted its position in shares of Schwab US Broad Market ETF by 200.9% during the fourth quarter. Resolute Advisors LLC now owns 15,919 shares of the company’s stock valued at $361,000 after buying an additional 10,629 shares during the period. Finally, Atlas Capital Advisors Inc. grew its stake in shares of Schwab US Broad Market ETF by 204.0% during the fourth quarter. Atlas Capital Advisors Inc. now owns 170,259 shares of the company’s stock valued at $3,865,000 after buying an additional 114,245 shares during the last quarter.

Schwab US Broad Market ETF Stock Down 4.9 %

SCHB opened at $20.69 on Friday. The business has a fifty day moving average of $22.61 and a 200 day moving average of $22.72. The stock has a market cap of $29.59 billion, a P/E ratio of 23.74 and a beta of 1.05. Schwab US Broad Market ETF has a 52-week low of $19.14 and a 52-week high of $23.77.

Schwab US Broad Market ETF Cuts Dividend

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