United Capital Financial Advisors LLC Increases Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

United Capital Financial Advisors LLC grew its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 189.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 907,760 shares of the company’s stock after acquiring an additional 594,038 shares during the period. United Capital Financial Advisors LLC’s holdings in Schwab US Broad Market ETF were worth $20,606,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC grew its holdings in shares of Schwab US Broad Market ETF by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 17,232 shares of the company’s stock valued at $391,000 after purchasing an additional 11,488 shares in the last quarter. Adams Wealth Management raised its position in Schwab US Broad Market ETF by 217.3% in the 4th quarter. Adams Wealth Management now owns 85,887 shares of the company’s stock valued at $1,950,000 after purchasing an additional 58,815 shares in the last quarter. Rossby Financial LCC acquired a new stake in Schwab US Broad Market ETF in the 4th quarter valued at about $325,000. LaSalle St. Investment Advisors LLC boosted its stake in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. LaSalle St. Investment Advisors LLC now owns 39,471 shares of the company’s stock valued at $895,000 after buying an additional 26,314 shares during the period. Finally, Madden Advisory Services Inc. grew its position in shares of Schwab US Broad Market ETF by 201.5% during the fourth quarter. Madden Advisory Services Inc. now owns 781,481 shares of the company’s stock worth $17,740,000 after buying an additional 522,269 shares in the last quarter.

Schwab US Broad Market ETF Stock Down 0.1 %

Shares of NYSEARCA:SCHB opened at $20.65 on Wednesday. Schwab US Broad Market ETF has a fifty-two week low of $18.53 and a fifty-two week high of $23.77. The firm’s 50 day moving average price is $21.95 and its 200 day moving average price is $22.59. The stock has a market cap of $29.53 billion, a price-to-earnings ratio of 23.74 and a beta of 1.05.

Schwab US Broad Market ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders 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.