Howe & Rusling Inc. Acquires 57,620 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Howe & Rusling Inc. increased its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 204.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,825 shares of the company’s stock after acquiring an additional 57,620 shares during the quarter. Howe & Rusling Inc.’s holdings in Schwab US Broad Market ETF were worth $1,948,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Promus Capital LLC bought a new stake in Schwab US Broad Market ETF in the 4th quarter valued at about $25,000. Blume Capital Management Inc. increased its holdings 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 acquiring an additional 741 shares in the last quarter. Maryland Capital Advisors Inc. raised its position in shares of 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 purchasing an additional 774 shares during the period. Wiser Advisor Group LLC lifted its holdings in shares of Schwab US Broad Market ETF by 200.8% in the 4th 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 holdings in shares of Schwab US Broad Market ETF by 201.0% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,249 shares of the company’s stock worth $28,000 after purchasing an additional 834 shares in the last quarter.

Schwab US Broad Market ETF Trading Down 1.4 %

Shares of SCHB stock opened at $21.95 on Thursday. The firm has a fifty day simple moving average of $22.84 and a two-hundred day simple moving average of $22.72. Schwab US Broad Market ETF has a 12 month low of $19.14 and a 12 month high of $23.77. The firm has a market capitalization of $31.39 billion, a PE ratio of 23.90 and a beta of 1.05.

Schwab US Broad Market ETF Cuts Dividend

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