NBZ Investment Advisors LLC Makes New $7.43 Million Investment in Schwab US Broad Market ETF (NYSEARCA:SCHB)

NBZ Investment Advisors LLC acquired a new position in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 327,410 shares of the company’s stock, valued at approximately $7,432,000. Schwab US Broad Market ETF comprises about 4.1% of NBZ Investment Advisors LLC’s investment portfolio, making the stock its 9th largest position. NBZ Investment Advisors LLC owned about 0.07% of Schwab US Broad Market ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Schwab US Broad Market ETF by 16.7% during the 3rd quarter. FMR LLC now owns 283,117 shares of the company’s stock valued at $18,833,000 after buying an additional 40,504 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Schwab US Broad Market ETF by 7.8% during the 3rd quarter. HighTower Advisors LLC now owns 2,660,625 shares of the company’s stock worth $177,000,000 after purchasing an additional 191,480 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in Schwab US Broad Market ETF by 1.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 67,582 shares of the company’s stock worth $4,496,000 after purchasing an additional 952 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of Schwab US Broad Market ETF by 63.1% in the third quarter. IHT Wealth Management LLC now owns 69,601 shares of the company’s stock worth $4,598,000 after buying an additional 26,935 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Schwab US Broad Market ETF by 6.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 26,160 shares of the company’s stock worth $1,740,000 after purchasing an additional 1,482 shares in the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB opened at $21.86 on Friday. Schwab US Broad Market ETF has a one year low of $19.14 and a one year high of $23.77. The company has a fifty day moving average price of $22.82 and a 200-day moving average price of $22.72. The firm has a market capitalization of $31.26 billion, a P/E ratio of 23.90 and a beta of 1.05.

Schwab US Broad Market ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.0649 per share. 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.