Schwab US Broad Market ETF (NYSEARCA:SCHB) Position Increased by Weik Capital Management

Weik Capital Management raised its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,475 shares of the company’s stock after purchasing an additional 58,375 shares during the quarter. Schwab US Broad Market ETF makes up approximately 0.8% of Weik Capital Management’s holdings, making the stock its 29th biggest position. Weik Capital Management’s holdings in Schwab US Broad Market ETF were worth $1,986,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blair William & Co. IL lifted its position in shares of Schwab US Broad Market ETF by 250.2% during the 4th quarter. Blair William & Co. IL now owns 285,575 shares of the company’s stock worth $6,483,000 after purchasing an additional 204,026 shares during the last quarter. Rockbridge Investment Management LCC raised its holdings in shares of Schwab US Broad Market ETF by 185.6% in the 4th quarter. Rockbridge Investment Management LCC now owns 364,869 shares of the company’s stock worth $8,283,000 after buying an additional 237,127 shares in the last quarter. Howe & Rusling Inc. grew its holdings in shares of Schwab US Broad Market ETF by 204.3% in the 4th quarter. Howe & Rusling Inc. now owns 85,825 shares of the company’s stock worth $1,948,000 after purchasing an additional 57,620 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Schwab US Broad Market ETF by 186.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,096,980 shares of the company’s stock worth $24,901,000 after buying an additional 713,474 shares in the last quarter. Finally, Foundation Wealth Management LLC PA bought a new position in Schwab US Broad Market ETF in the 4th quarter valued at $317,000.

Schwab US Broad Market ETF Trading Down 0.4 %

Shares of SCHB stock opened at $21.86 on Friday. The firm has a market capitalization of $31.26 billion, a price-to-earnings ratio of 23.90 and a beta of 1.05. Schwab US Broad Market ETF has a 1 year low of $19.14 and a 1 year high of $23.77. The firm’s 50 day moving average is $22.82 and its 200-day moving average is $22.72.

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.