LPL Financial LLC Buys 1,409,158 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

LPL Financial LLC lifted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 212.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,071,157 shares of the company’s stock after buying an additional 1,409,158 shares during the quarter. LPL Financial LLC owned about 0.45% of Schwab US Broad Market ETF worth $47,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SCHB. Promus Capital LLC purchased a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth approximately $25,000. Blume Capital Management Inc. boosted its position in shares of 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 purchasing an additional 741 shares in the last quarter. Maryland Capital Advisors Inc. grew its stake in Schwab US Broad Market ETF by 200.0% in 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 period. Wiser Advisor Group LLC raised its holdings 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 purchasing an additional 785 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. lifted its position in Schwab US Broad Market ETF by 201.0% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,249 shares of the company’s stock valued at $28,000 after buying an additional 834 shares during the period.

Schwab US Broad Market ETF Trading Down 0.4 %

Shares of SCHB stock opened at $21.86 on Friday. The company’s fifty day moving average price is $22.82 and its 200-day moving average price is $22.72. The stock has a market cap of $31.26 billion, a PE ratio of 23.90 and a beta of 1.05. 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 disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be paid a dividend of $0.0649 per share. The ex-dividend date is Wednesday, March 26th.

About Schwab US Broad Market ETF

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.