Forum Financial Management LP Boosts Stock Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Forum Financial Management LP lifted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 207.4% in the fourth quarter, HoldingsChannel reports. The firm owned 20,480 shares of the company’s stock after acquiring an additional 13,817 shares during the quarter. Forum Financial Management LP’s holdings in Schwab US Broad Market ETF were worth $465,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SCHB. GeoWealth Management LLC increased its position in shares of Schwab US Broad Market ETF by 1,745.6% in the 4th quarter. GeoWealth Management LLC now owns 95,565 shares of the company’s stock valued at $2,169,000 after purchasing an additional 90,387 shares during the last quarter. Broadleaf Partners LLC grew its stake in shares of Schwab US Broad Market ETF by 200.5% during the fourth quarter. Broadleaf Partners LLC now owns 23,508 shares of the company’s stock worth $534,000 after purchasing an additional 15,684 shares in the last quarter. Commerce Bank increased its holdings in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Commerce Bank now owns 14,730 shares of the company’s stock valued at $334,000 after buying an additional 9,820 shares during the last quarter. Concourse Financial Group Securities Inc. raised its stake in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 3,576 shares of the company’s stock valued at $84,000 after buying an additional 2,384 shares in the last quarter. Finally, Capital Group Private Client Services Inc. lifted its holdings in Schwab US Broad Market ETF by 198.5% during the 4th 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 last quarter.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB opened at $20.25 on Monday. Schwab US Broad Market ETF has a 1 year low of $18.53 and a 1 year high of $23.77. The stock has a market cap of $29.16 billion, a P/E ratio of 24.33 and a beta of 1.04. The stock has a 50-day simple moving average of $21.76 and a 200-day simple moving average of $22.56.

Schwab US Broad Market ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued a $0.0649 dividend. The ex-dividend date of this dividend 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.