Penobscot Investment Management Company Inc. Raises Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Penobscot Investment Management Company Inc. boosted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 144.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,095 shares of the company’s stock after buying an additional 30,814 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Schwab US Broad Market ETF were worth $1,183,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Brooklyn FI LLC raised its stake in shares of Schwab US Broad Market ETF by 17,756.0% in the fourth quarter. Brooklyn FI LLC now owns 23,155,242 shares of the company’s stock valued at $576,012,000 after buying an additional 23,025,564 shares during the period. Rebalance LLC increased its holdings in Schwab US Broad Market ETF by 199.9% in the 4th quarter. Rebalance LLC now owns 11,471,005 shares of the company’s stock worth $260,392,000 after acquiring an additional 7,646,591 shares during the last quarter. Hengehold Capital Management LLC raised its stake in Schwab US Broad Market ETF by 192.6% in the 4th quarter. Hengehold Capital Management LLC now owns 8,942,406 shares of the company’s stock valued at $202,993,000 after acquiring an additional 5,886,366 shares during the period. Strid Group LLC lifted its holdings in Schwab US Broad Market ETF by 197.8% during the fourth quarter. Strid Group LLC now owns 8,530,226 shares of the company’s stock valued at $193,636,000 after purchasing an additional 5,666,068 shares during the last quarter. Finally, Bouchey Financial Group Ltd boosted its position in Schwab US Broad Market ETF by 213.4% during the fourth quarter. Bouchey Financial Group Ltd now owns 8,165,768 shares of the company’s stock worth $185,363,000 after purchasing an additional 5,560,636 shares during the period.

Schwab US Broad Market ETF Stock Down 1.4 %

NYSEARCA SCHB opened at $21.95 on Thursday. The firm has a market cap of $31.39 billion, a P/E ratio of 23.90 and a beta of 1.05. The company’s 50 day moving average is $22.84 and its 200-day moving average is $22.72. Schwab US Broad Market ETF has a 12-month low of $19.14 and a 12-month high of $23.77.

Schwab US Broad Market ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be issued a dividend of $0.0649 per share. The ex-dividend date is 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.