Everstar Asset Management LLC Acquires 41,534 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Everstar Asset Management LLC lifted its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 170.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 65,860 shares of the company’s stock after buying an additional 41,534 shares during the quarter. Schwab US Broad Market ETF comprises about 1.1% of Everstar Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Everstar Asset Management LLC’s holdings in Schwab US Broad Market ETF were worth $1,495,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Brooklyn FI LLC increased its position in 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 acquiring an additional 23,025,564 shares during the period. Rebalance LLC increased its holdings in shares of Schwab US Broad Market ETF by 199.9% during the fourth quarter. Rebalance LLC now owns 11,471,005 shares of the company’s stock worth $260,392,000 after purchasing an additional 7,646,591 shares during the period. Hengehold Capital Management LLC raised its position in shares of Schwab US Broad Market ETF by 192.6% in the fourth quarter. Hengehold Capital Management LLC now owns 8,942,406 shares of the company’s stock valued at $202,993,000 after buying an additional 5,886,366 shares in the last quarter. Strid Group LLC raised its position in shares of 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 in the last quarter. Finally, Bouchey Financial Group Ltd boosted its stake 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 buying an additional 5,560,636 shares during the period.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB opened at $21.44 on Monday. The stock has a market capitalization of $30.66 billion, a P/E ratio of 23.74 and a beta of 1.05. The stock’s fifty day moving average is $22.78 and its 200 day moving average is $22.74. Schwab US Broad Market ETF has a 52 week low of $19.14 and a 52 week 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. Shareholders of record on Wednesday, March 26th will be issued 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.