Topsail Wealth Management LLC Acquires New Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Topsail Wealth Management LLC bought a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 143,708 shares of the company’s stock, valued at approximately $3,262,000. Schwab US Broad Market ETF makes up about 0.7% of Topsail Wealth Management LLC’s portfolio, making the stock its 17th biggest holding.

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

Schwab US Broad Market ETF Trading Up 2.2 %

NYSEARCA:SCHB opened at $21.06 on Friday. The stock has a 50-day moving average price of $21.51 and a 200 day moving average price of $22.50. The stock has a market capitalization of $30.33 billion, a P/E ratio of 24.33 and a beta of 1.04. Schwab US Broad Market ETF has a 12-month low of $18.53 and a 12-month high of $23.77.

Schwab US Broad Market ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a dividend of $0.0649 per share. 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.