Quadrant Capital Group LLC Purchases 93,852 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Quadrant Capital Group LLC lifted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 118.4% during the fourth quarter, Holdings Channel reports. The firm owned 173,141 shares of the company’s stock after acquiring an additional 93,852 shares during the period. Quadrant Capital Group LLC’s holdings in Schwab US Broad Market ETF were worth $3,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SCHB. Valeo Financial Advisors LLC increased its position in shares of Schwab US Broad Market ETF by 200.0% during the 4th 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 increased its holdings in Schwab US Broad Market ETF by 201.0% during the fourth quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock worth $318,000 after buying an additional 9,352 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in Schwab US Broad Market ETF by 194.3% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 25,146 shares of the company’s stock worth $571,000 after acquiring an additional 16,602 shares during the period. Fulcrum Equity Management boosted its stake in 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 valued at $744,000 after acquiring an additional 668 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Schwab US Broad Market ETF in the third quarter valued at about $703,000.

Schwab US Broad Market ETF Stock Down 5.9 %

Shares of SCHB stock opened at $19.47 on Friday. The firm has a market cap of $27.84 billion, a P/E ratio of 23.74 and a beta of 1.05. The company has a 50 day moving average of $22.53 and a 200-day moving average of $22.71. 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 announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given 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.