Commerce Bank Boosts Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Commerce Bank raised its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,730 shares of the company’s stock after purchasing an additional 9,820 shares during the period. Commerce Bank’s holdings in Schwab US Broad Market ETF were worth $334,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SCHB. Concourse Financial Group Securities Inc. boosted its holdings in shares of Schwab US Broad Market ETF by 200.0% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 3,576 shares of the company’s stock worth $84,000 after purchasing an additional 2,384 shares during the last quarter. Capital Group Private Client Services Inc. lifted its position in Schwab US Broad Market ETF by 198.5% during the fourth quarter. Capital Group Private Client Services Inc. now owns 14,275 shares of the company’s stock worth $324,000 after buying an additional 9,492 shares during the period. Strategic Investment Solutions Inc. IL boosted its stake in Schwab US Broad Market ETF by 245.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,739 shares of the company’s stock worth $62,000 after buying an additional 1,945 shares during the last quarter. Osterweis Capital Management Inc. grew its holdings in Schwab US Broad Market ETF by 197.4% in the 4th quarter. Osterweis Capital Management Inc. now owns 141,176 shares of the company’s stock valued at $3,205,000 after buying an additional 93,709 shares during the period. Finally, KilterHowling LLC grew its holdings in Schwab US Broad Market ETF by 201.1% in the 4th quarter. KilterHowling LLC now owns 9,613 shares of the company’s stock valued at $225,000 after buying an additional 6,420 shares during the period.

Schwab US Broad Market ETF Price Performance

Shares of SCHB stock opened at $21.06 on Friday. The firm’s 50-day simple moving average is $21.51 and its 200-day simple moving average is $22.50. Schwab US Broad Market ETF has a 1-year low of $18.53 and a 1-year high of $23.77. The firm has a market cap of $30.33 billion, a P/E ratio of 24.33 and a beta of 1.04.

Schwab US Broad Market ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders 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.