Schwab US Broad Market ETF (NYSEARCA:SCHB) is Milestone Investment Advisors LLC’s 7th Largest Position

Milestone Investment Advisors LLC increased its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 214.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 597,221 shares of the company’s stock after purchasing an additional 407,588 shares during the quarter. Schwab US Broad Market ETF makes up about 3.7% of Milestone Investment Advisors LLC’s holdings, making the stock its 7th biggest position. Milestone Investment Advisors LLC owned approximately 0.13% of Schwab US Broad Market ETF worth $13,557,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC purchased a new stake in shares of Schwab US Broad Market ETF during the 4th quarter valued at $25,000. Blume Capital Management Inc. grew its position 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 during the period. Tucker Asset Management LLC grew 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 valued at $25,000 after buying an additional 765 shares during the period. Maryland Capital Advisors Inc. increased its holdings 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 buying an additional 774 shares during the last quarter. Finally, Wiser Advisor Group LLC raised its position in Schwab US Broad Market ETF by 200.8% in the fourth quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock worth $27,000 after acquiring an additional 785 shares during the period.

Schwab US Broad Market ETF Stock Up 0.7 %

SCHB opened at $21.76 on Thursday. The company’s 50-day moving average price is $22.67 and its two-hundred day moving average price is $22.73. Schwab US Broad Market ETF has a twelve month low of $19.14 and a twelve month high of $23.77. The stock has a market cap of $31.12 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. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.0649 per share. 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.