TIAA Trust National Association Purchases 74,234 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

TIAA Trust National Association increased its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 209.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,652 shares of the company’s stock after acquiring an additional 74,234 shares during the quarter. TIAA Trust National Association’s holdings in Schwab US Broad Market ETF were worth $2,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Schwab US Broad Market ETF by 16.7% during the third quarter. FMR LLC now owns 283,117 shares of the company’s stock valued at $18,833,000 after buying an additional 40,504 shares during the period. HighTower Advisors LLC increased its holdings in shares of Schwab US Broad Market ETF by 7.8% in the 3rd quarter. HighTower Advisors LLC now owns 2,660,625 shares of the company’s stock valued at $177,000,000 after acquiring an additional 191,480 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of Schwab US Broad Market ETF by 1.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 67,582 shares of the company’s stock valued at $4,496,000 after acquiring an additional 952 shares during the period. IHT Wealth Management LLC raised its position in shares of Schwab US Broad Market ETF by 63.1% in the 3rd quarter. IHT Wealth Management LLC now owns 69,601 shares of the company’s stock worth $4,598,000 after acquiring an additional 26,935 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in shares of Schwab US Broad Market ETF by 6.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 26,160 shares of the company’s stock worth $1,740,000 after purchasing an additional 1,482 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB opened at $21.95 on Thursday. The firm has a market capitalization of $31.39 billion, a PE ratio of 23.90 and a beta of 1.05. The business’s 50-day moving average is $22.84 and its two-hundred day moving average is $22.72. Schwab US Broad Market ETF has a 1 year low of $19.14 and a 1 year high of $23.77.

Schwab US Broad Market ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be given a $0.0649 dividend. The ex-dividend date of this dividend 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.