Watermark Asset Management Inc. Sells 2,604 Shares of Schwab US Broad Market ETF (SCHB)

Watermark Asset Management Inc. reduced its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,181 shares of the company’s stock after selling 2,604 shares during the period. Schwab US Broad Market ETF comprises 5.3% of Watermark Asset Management Inc.’s portfolio, making the stock its 5th largest position. Watermark Asset Management Inc. owned 0.09% of Schwab US Broad Market ETF worth $11,458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHB. McAdam LLC raised its holdings in shares of Schwab US Broad Market ETF by 88.5% during the third quarter. McAdam LLC now owns 1,663 shares of the company’s stock worth $117,000 after purchasing an additional 781 shares during the period. Exchange Capital Management Inc. grew its position in shares of Schwab US Broad Market ETF by 82.8% during the third quarter. Exchange Capital Management Inc. now owns 2,113 shares of the company’s stock worth $149,000 after acquiring an additional 957 shares during the last quarter. Cpwm LLC bought a new position in shares of Schwab US Broad Market ETF during the third quarter worth about $204,000. Mengis Capital Management Inc. bought a new position in shares of Schwab US Broad Market ETF during the third quarter worth about $211,000. Finally, Cadinha & Co. LLC bought a new position in shares of Schwab US Broad Market ETF during the third quarter worth about $211,000.

Schwab US Broad Market ETF stock opened at $62.37 on Monday. Schwab US Broad Market ETF has a one year low of $56.12 and a one year high of $71.36.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 3rd. Shareholders of record on Monday, December 31st were given a $0.0798 dividend. The ex-dividend date was Friday, December 28th. This represents a $0.32 annualized dividend and a yield of 0.51%.

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Schwab US Broad Market ETF Company 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.

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Want to see what other hedge funds are holding SCHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Broad Market ETF (NYSEARCA:SCHB).

Institutional Ownership by Quarter for Schwab US Broad Market ETF (NYSEARCA:SCHB)

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