Gemmer Asset Management LLC grew its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 8.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 279,630 shares of the company’s stock after buying an additional 21,815 shares during the quarter. Schwab US Broad Market ETF makes up 5.2% of Gemmer Asset Management LLC’s portfolio, making the stock its 5th largest position. Gemmer Asset Management LLC owned 0.13% of Schwab US Broad Market ETF worth $19,029,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in SCHB. Berman Capital Advisors LLC acquired a new stake in Schwab US Broad Market ETF in the fourth quarter worth about $26,000. Howe & Rusling Inc. lifted its stake in Schwab US Broad Market ETF by 788.9% in the 4th quarter. Howe & Rusling Inc. now owns 480 shares of the company’s stock valued at $29,000 after acquiring an additional 426 shares in the last quarter. Liberty Wealth Management LLC bought a new stake in Schwab US Broad Market ETF in the 4th quarter valued at approximately $34,000. Main Management LLC bought a new stake in Schwab US Broad Market ETF in the 4th quarter valued at approximately $35,000. Finally, NewSquare Capital LLC bought a new stake in Schwab US Broad Market ETF in the 4th quarter valued at approximately $37,000.
NYSEARCA SCHB opened at $69.90 on Wednesday. Schwab US Broad Market ETF has a 52 week low of $56.12 and a 52 week high of $71.36.
The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Thursday, March 21st were paid a $0.2777 dividend. This is a boost from Schwab US Broad Market ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.11 annualized dividend and a yield of 1.59%.
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.
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