Life Planning Partners Inc Invests $263,000 in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Life Planning Partners Inc bought a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 11,577 shares of the company’s stock, valued at approximately $263,000.

Other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC bought a new stake in shares of Schwab US Broad Market ETF during the fourth quarter valued at approximately $25,000. Blume Capital Management Inc. boosted its stake in 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 worth $25,000 after buying an additional 741 shares in the last quarter. Tucker Asset Management LLC increased its holdings in Schwab US Broad Market ETF by 233.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,092 shares of the company’s stock valued at $25,000 after buying an additional 765 shares during the period. Maryland Capital Advisors Inc. raised its stake in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after buying an additional 774 shares in the last quarter. Finally, Wiser Advisor Group LLC lifted its holdings in shares of Schwab US Broad Market ETF by 200.8% during the 4th quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock worth $27,000 after acquiring an additional 785 shares during the period.

Schwab US Broad Market ETF Stock Down 1.9 %

Shares of SCHB opened at $21.44 on Friday. The company has a 50-day moving average price of $22.78 and a two-hundred day moving average price of $22.73. The stock has a market cap of $30.66 billion, a price-to-earnings ratio of 23.74 and a beta of 1.05. Schwab US Broad Market ETF has a 12 month low of $19.14 and a 12 month high of $23.77.

Schwab US Broad Market ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be paid 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.