TCI Wealth Advisors Inc. trimmed its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 68.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,996 shares of the company’s stock after selling 4,352 shares during the period. TCI Wealth Advisors Inc.’s holdings in Schwab US Broad Market ETF were worth $136,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SCHB. Berman Capital Advisors LLC bought a new position in Schwab US Broad Market ETF during the fourth quarter worth about $26,000. Howe & Rusling Inc. increased its position 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 buying an additional 426 shares during the period. Liberty Wealth Management LLC acquired a new stake in shares of Schwab US Broad Market ETF during the fourth quarter worth $34,000. Main Management LLC acquired a new stake in shares of Schwab US Broad Market ETF during the fourth quarter worth $35,000. Finally, NewSquare Capital LLC acquired a new stake in shares of Schwab US Broad Market ETF during the fourth quarter worth $37,000.

Shares of SCHB traded down $0.01 during trading hours on Thursday, hitting $69.46. 474,652 shares of the stock were exchanged, compared to its average volume of 1,192,182. Schwab US Broad Market ETF has a fifty-two week low of $56.12 and a fifty-two week high of $71.36.

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

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

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