Prepared Retirement Institute LLC Raises Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Prepared Retirement Institute LLC grew its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 201.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,571 shares of the company’s stock after acquiring an additional 9,063 shares during the period. Prepared Retirement Institute LLC’s holdings in Schwab US Broad Market ETF were worth $308,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jaffetilchin Investment Partners LLC raised its stake in shares of Schwab US Broad Market ETF by 210.4% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 1,543,891 shares of the company’s stock worth $35,046,000 after buying an additional 1,046,540 shares during the last quarter. Eley Financial Management Inc increased its holdings in Schwab US Broad Market ETF by 186.0% during the 4th quarter. Eley Financial Management Inc now owns 55,562 shares of the company’s stock valued at $1,261,000 after acquiring an additional 36,132 shares in the last quarter. FRG Family Wealth Advisors LLC raised its position in Schwab US Broad Market ETF by 254.1% during the fourth quarter. FRG Family Wealth Advisors LLC now owns 14,824 shares of the company’s stock worth $337,000 after acquiring an additional 10,638 shares during the last quarter. Cahill Wealth Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 201.1% in the fourth quarter. Cahill Wealth Management LLC now owns 55,284 shares of the company’s stock valued at $1,255,000 after purchasing an additional 36,921 shares in the last quarter. Finally, Accredited Investors Inc. grew its position in shares of Schwab US Broad Market ETF by 201.0% in the fourth quarter. Accredited Investors Inc. now owns 4,874,788 shares of the company’s stock valued at $110,658,000 after purchasing an additional 3,255,414 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of SCHB opened at $20.17 on Friday. Schwab US Broad Market ETF has a 1-year low of $18.53 and a 1-year high of $23.77. The stock has a market cap of $28.84 billion, a price-to-earnings ratio of 23.74 and a beta of 1.05. The firm has a 50 day simple moving average of $22.12 and a 200-day simple moving average of $22.62.

Schwab US Broad Market ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.0649 per share. The ex-dividend date was 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.