Accredited Investors Inc. cut its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 473,534 shares of the company’s stock after selling 17,635 shares during the quarter. Schwab US Broad Market ETF accounts for 6.5% of Accredited Investors Inc.’s holdings, making the stock its 4th largest position. Accredited Investors Inc. owned 0.22% of Schwab US Broad Market ETF worth $32,224,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Berman Capital Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth $26,000. Howe & Rusling Inc. lifted its holdings in shares of Schwab US Broad Market ETF by 788.9% during the fourth quarter. Howe & Rusling Inc. now owns 480 shares of the company’s stock worth $29,000 after purchasing an additional 426 shares during the period. Liberty Wealth Management LLC acquired a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth $34,000. Main Management LLC acquired a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth $35,000. Finally, NewSquare Capital LLC acquired a new position in shares of Schwab US Broad Market ETF during the fourth quarter worth $37,000.
SCHB traded down $0.18 during midday trading on Wednesday, hitting $69.72. The company had a trading volume of 8,538 shares, compared to its average volume of 1,166,812. 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. Investors of record on Thursday, March 21st were issued a dividend of $0.2777 per share. This represents a $1.11 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, March 20th. This is a positive change from Schwab US Broad Market ETF’s previous quarterly dividend of $0.08.
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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.
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