Firestone Capital Management Grows Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Firestone Capital Management grew its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 242.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 250,319 shares of the company’s stock after acquiring an additional 177,276 shares during the quarter. Schwab US Broad Market ETF makes up 1.4% of Firestone Capital Management’s holdings, making the stock its 18th biggest holding. Firestone Capital Management’s holdings in Schwab US Broad Market ETF were worth $5,682,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SCHB. Lido Advisors LLC grew its stake in Schwab US Broad Market ETF by 408.7% during the 4th quarter. Lido Advisors LLC now owns 793,869 shares of the company’s stock worth $18,021,000 after buying an additional 637,818 shares during the last quarter. Capstone Financial Advisors Inc. grew its stake in shares of Schwab US Broad Market ETF by 203.6% during the fourth quarter. Capstone Financial Advisors Inc. now owns 24,029 shares of the company’s stock worth $545,000 after acquiring an additional 16,115 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Schwab US Broad Market ETF by 220.7% during the fourth quarter. Northern Trust Corp now owns 265,993 shares of the company’s stock valued at $6,038,000 after acquiring an additional 183,048 shares in the last quarter. Long Island Wealth Management Inc. raised its position in shares of Schwab US Broad Market ETF by 748.9% in the 4th quarter. Long Island Wealth Management Inc. now owns 522,931 shares of the company’s stock valued at $11,871,000 after purchasing an additional 461,327 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its stake in Schwab US Broad Market ETF by 166.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 202,140 shares of the company’s stock worth $4,589,000 after purchasing an additional 126,313 shares in the last quarter.

Schwab US Broad Market ETF Trading Up 0.1 %

Shares of NYSEARCA:SCHB opened at $21.23 on Tuesday. Schwab US Broad Market ETF has a twelve month low of $18.53 and a twelve month high of $23.77. The company has a market cap of $30.57 billion, a PE ratio of 24.33 and a beta of 1.04. The company’s 50 day moving average is $21.41 and its 200 day moving average is $22.49.

Schwab US Broad Market ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.0649 per share. 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.