Gerber Kawasaki Wealth & Investment Management Grows Holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Gerber Kawasaki Wealth & Investment Management increased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 196.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,629 shares of the company’s stock after buying an additional 20,951 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Schwab US Broad Market ETF were worth $718,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its position in shares of Schwab US Broad Market ETF by 4.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 10,600 shares of the company’s stock worth $247,000 after purchasing an additional 462 shares during the last quarter. Fulcrum Equity Management grew 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 worth $744,000 after purchasing an additional 668 shares in the last quarter. Valley Wealth Managers Inc. increased its holdings in Schwab US Broad Market ETF by 45.5% in the fourth quarter. Valley Wealth Managers Inc. now owns 2,262 shares of the company’s stock valued at $51,000 after buying an additional 707 shares during the last quarter. Blume Capital Management Inc. raised its stake in Schwab US Broad Market ETF by 200.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,111 shares of the company’s stock valued at $25,000 after buying an additional 741 shares in the last quarter. Finally, Tucker Asset Management LLC lifted its holdings in Schwab US Broad Market ETF by 233.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock worth $25,000 after buying an additional 765 shares during the last quarter.

Schwab US Broad Market ETF Trading Up 0.7 %

Shares of SCHB opened at $21.21 on Friday. Schwab US Broad Market ETF has a 52 week low of $18.53 and a 52 week high of $23.77. The firm has a market cap of $30.54 billion, a price-to-earnings ratio of 24.33 and a beta of 1.04. The stock has a 50 day moving average of $21.46 and a 200-day moving average of $22.50.

Schwab US Broad Market ETF Cuts Dividend

The firm also recently disclosed 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.

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.