American Money Management LLC Raises Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

American Money Management LLC lifted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 200.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,950 shares of the company’s stock after acquiring an additional 11,300 shares during the period. American Money Management LLC’s holdings in Schwab US Broad Market ETF were worth $385,000 as of its most recent SEC filing.

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

Schwab US Broad Market ETF Price Performance

Shares of Schwab US Broad Market ETF stock opened at $21.44 on Friday. The firm’s fifty day simple moving average is $22.78 and its 200-day simple moving average is $22.73. Schwab US Broad Market ETF has a 12 month low of $19.14 and a 12 month high of $23.77. The stock has a market capitalization of $30.66 billion, a price-to-earnings ratio of 23.74 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 issued a $0.0649 dividend. 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.