WealthCollab LLC Increases Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

WealthCollab LLC increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 197.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 158,082 shares of the company’s stock after purchasing an additional 104,872 shares during the period. Schwab US Broad Market ETF makes up 2.3% of WealthCollab LLC’s portfolio, making the stock its 14th largest holding. WealthCollab LLC’s holdings in Schwab US Broad Market ETF were worth $3,588,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Valeo Financial Advisors LLC grew its position in shares of Schwab US Broad Market ETF by 200.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 16,468 shares of the company’s stock valued at $374,000 after purchasing an additional 10,979 shares during the last quarter. Versant Capital Management Inc grew its holdings in Schwab US Broad Market ETF by 201.0% during the 4th quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock valued at $318,000 after buying an additional 9,352 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in Schwab US Broad Market ETF by 194.3% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 25,146 shares of the company’s stock worth $571,000 after buying an additional 16,602 shares in the last quarter. Fulcrum Equity Management raised its holdings in shares of Schwab US Broad Market ETF by 6.3% in the third quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock worth $744,000 after acquiring an additional 668 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Schwab US Broad Market ETF in the third quarter valued at $703,000.

Schwab US Broad Market ETF Trading Up 0.6 %

Schwab US Broad Market ETF stock opened at $21.35 on Wednesday. The stock has a market cap of $30.74 billion, a PE ratio of 24.33 and a beta of 1.04. Schwab US Broad Market ETF has a 52 week low of $18.53 and a 52 week high of $23.77. The stock has a 50-day moving average price of $21.36 and a 200 day moving average price of $22.49.

Schwab US Broad Market ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were paid a $0.0649 dividend. The ex-dividend date was Wednesday, March 26th.

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.