United Capital Financial Advisors LLC Grows Stock Holdings 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% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 907,760 shares of the company’s stock after purchasing an additional 594,038 shares during the period. United Capital Financial Advisors LLC owned approximately 0.20% of Schwab US Broad Market ETF worth $20,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHB. Promus Capital LLC purchased a new stake in Schwab US Broad Market ETF in the 4th quarter valued at $25,000. Blume Capital Management Inc. grew its holdings in shares of Schwab US Broad Market ETF by 200.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock valued at $25,000 after purchasing an additional 741 shares during the period. Tucker Asset Management LLC increased its position in Schwab US Broad Market ETF by 233.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after purchasing an additional 765 shares during the last quarter. Maryland Capital Advisors Inc. increased its position in Schwab US Broad Market ETF by 200.0% during the fourth quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock worth $26,000 after purchasing an additional 774 shares during the last quarter. Finally, Wiser Advisor Group LLC raised its stake in Schwab US Broad Market ETF by 200.8% during the fourth quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock worth $27,000 after purchasing an additional 785 shares during the period.

Schwab US Broad Market ETF Price Performance

NYSEARCA:SCHB opened at $20.65 on Wednesday. The company’s 50-day moving average is $21.95 and its two-hundred day moving average is $22.59. The firm has a market capitalization of $29.53 billion, a price-to-earnings ratio of 23.74 and a beta of 1.05. Schwab US Broad Market ETF has a 1-year low of $18.53 and a 1-year high of $23.77.

Schwab US Broad Market ETF Cuts Dividend

The firm also recently disclosed 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 Company 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.