Lincoln Capital Corp lessened its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 10.5% in the 1st quarter, Holdings Channel reports. The firm owned 65,206 shares of the company’s stock after selling 7,670 shares during the period. Schwab US Broad Market ETF makes up 4.0% of Lincoln Capital Corp’s investment portfolio, making the stock its 8th largest holding. Lincoln Capital Corp’s holdings in Schwab US Broad Market ETF were worth $4,437,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHB. Ackerman Capital Advisors LLC bought a new position in shares of Schwab US Broad Market ETF during the 4th quarter valued at about $60,000,000. Betterment LLC boosted its holdings in shares of Schwab US Broad Market ETF by 112.1% during the 4th quarter. Betterment LLC now owns 6,755,826 shares of the company’s stock valued at $404,877,000 after purchasing an additional 3,570,450 shares during the last quarter. Evergreen Advisors LLC bought a new position in shares of Schwab US Broad Market ETF during the 4th quarter valued at about $62,126,000. Fort Pitt Capital Group LLC boosted its holdings in shares of Schwab US Broad Market ETF by 239.2% during the 4th quarter. Fort Pitt Capital Group LLC now owns 1,163,943 shares of the company’s stock valued at $69,755,000 after purchasing an additional 820,829 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Schwab US Broad Market ETF by 66.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,362,136 shares of the company’s stock valued at $81,633,000 after purchasing an additional 543,000 shares during the last quarter.

Shares of SCHB traded down $0.01 during midday trading on Thursday, hitting $69.46. 475,166 shares of the company traded hands, compared to its average volume of 1,192,182. Schwab US Broad Market ETF has a 52 week low of $56.12 and a 52 week high of $71.36.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.2777 per share. This represents a $1.11 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Wednesday, March 20th. This is an increase from Schwab US Broad Market ETF’s previous quarterly dividend of $0.08.

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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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Institutional Ownership by Quarter for Schwab US Broad Market ETF (NYSEARCA:SCHB)

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