Milestone Investment Advisors LLC Has $13.56 Million Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Milestone Investment Advisors LLC grew its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 214.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 597,221 shares of the company’s stock after buying an additional 407,588 shares during the quarter. Schwab US Broad Market ETF makes up approximately 3.7% of Milestone Investment Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Milestone Investment Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $13,557,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SCHB. Disciplined Investors L.L.C. bought a new stake in shares of Schwab US Broad Market ETF during the 4th quarter valued at $7,598,000. OneAscent Financial Services LLC bought a new position in Schwab US Broad Market ETF in the 4th quarter worth about $3,999,000. Creekmur Asset Management LLC grew its holdings in Schwab US Broad Market ETF by 197.2% during the 4th quarter. Creekmur Asset Management LLC now owns 3,867 shares of the company’s stock valued at $88,000 after buying an additional 2,566 shares in the last quarter. Perritt Capital Management Inc increased its position in shares of Schwab US Broad Market ETF by 910.1% during the fourth quarter. Perritt Capital Management Inc now owns 15,777 shares of the company’s stock valued at $358,000 after buying an additional 14,215 shares during the period. Finally, AF Advisors Inc. lifted its holdings in shares of Schwab US Broad Market ETF by 200.1% in the fourth quarter. AF Advisors Inc. now owns 26,965 shares of the company’s stock worth $612,000 after buying an additional 17,979 shares in the last quarter.

Schwab US Broad Market ETF Trading Up 0.7 %

SCHB stock opened at $21.76 on Thursday. The firm has a 50 day moving average of $22.67 and a 200-day moving average of $22.73. The firm has a market capitalization of $31.12 billion, a P/E ratio of 23.74 and a beta of 1.05. Schwab US Broad Market ETF has a 12 month low of $19.14 and a 12 month high of $23.77.

Schwab US Broad Market ETF Cuts Dividend

The company 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 of this dividend was Wednesday, March 26th.

About Schwab US Broad Market ETF

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.