Riverchase Wealth Management LLC Invests $1.30 Million in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Riverchase Wealth Management LLC bought a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 57,249 shares of the company’s stock, valued at approximately $1,300,000. Schwab US Broad Market ETF accounts for 1.0% of Riverchase Wealth Management LLC’s holdings, making the stock its 20th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valeo Financial Advisors LLC boosted its position in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 16,468 shares of the company’s stock valued at $374,000 after purchasing an additional 10,979 shares in the last quarter. Versant Capital Management Inc grew its position in shares of 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 worth $318,000 after buying an additional 9,352 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of 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 valued at $571,000 after acquiring 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% during the 3rd quarter. Fulcrum Equity Management now owns 11,192 shares of the company’s stock valued at $744,000 after acquiring an additional 668 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Schwab US Broad Market ETF during the 3rd quarter valued at $703,000.

Schwab US Broad Market ETF Trading Down 0.4 %

NYSEARCA:SCHB opened at $21.86 on Friday. Schwab US Broad Market ETF has a 12 month low of $19.14 and a 12 month high of $23.77. The stock has a market capitalization of $31.26 billion, a price-to-earnings ratio of 23.90 and a beta of 1.05. The firm has a fifty day simple moving average of $22.82 and a two-hundred day simple moving average of $22.72.

Schwab US Broad Market ETF Cuts Dividend

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