D L Carlson Investment Group Inc. Raises Stock Position in Schwab US Broad Market ETF (NYSEARCA:SCHB)

D L Carlson Investment Group Inc. boosted its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 215.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,744,912 shares of the company’s stock after acquiring an additional 1,874,958 shares during the quarter. Schwab US Broad Market ETF makes up approximately 11.1% of D L Carlson Investment Group Inc.’s holdings, making the stock its biggest holding. D L Carlson Investment Group Inc.’s holdings in Schwab US Broad Market ETF were worth $62,309,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHB. Valeo Financial Advisors LLC increased its stake in shares of Schwab US Broad Market ETF by 200.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 16,468 shares of the company’s stock valued at $374,000 after buying an additional 10,979 shares during the period. Versant Capital Management Inc increased its position in Schwab US Broad Market ETF by 201.0% during the 4th quarter. Versant Capital Management Inc now owns 14,004 shares of the company’s stock valued at $318,000 after purchasing an additional 9,352 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Schwab US Broad Market ETF by 194.3% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 25,146 shares of the company’s stock worth $571,000 after purchasing an additional 16,602 shares in the last quarter. Fulcrum Equity Management lifted its position in shares of Schwab US Broad Market ETF by 6.3% in the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock worth $744,000 after purchasing an additional 668 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Schwab US Broad Market ETF during the 3rd quarter valued at about $703,000.

Schwab US Broad Market ETF Price Performance

SCHB stock opened at $21.44 on Monday. The firm has a 50-day moving average of $22.78 and a 200 day moving average of $22.74. The company has a market cap of $30.66 billion, a P/E ratio of 23.74 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.

Schwab US Broad Market ETF Cuts Dividend

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

Schwab US Broad Market ETF 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.