Gateway Advisory LLC reduced its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 12.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 53,643 shares of the company’s stock after selling 7,613 shares during the quarter. Schwab US Broad Market ETF accounts for 0.9% of Gateway Advisory LLC’s investment portfolio, making the stock its 28th largest position. Gateway Advisory LLC’s holdings in Schwab US Broad Market ETF were worth $3,650,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of SCHB. Ackerman Capital Advisors LLC purchased a new stake in Schwab US Broad Market ETF during the 4th quarter worth approximately $60,000,000. Betterment LLC increased its position in shares of Schwab US Broad Market ETF by 112.1% in 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 purchased a new stake in shares of Schwab US Broad Market ETF in the 4th quarter valued at approximately $62,126,000. Fort Pitt Capital Group LLC increased its position in shares of Schwab US Broad Market ETF by 239.2% in 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, Ronna Sue Cohen increased its position in shares of Schwab US Broad Market ETF by 7,171.5% in the 1st quarter. Ronna Sue Cohen now owns 710,570 shares of the company’s stock valued at $711,000 after purchasing an additional 700,798 shares during the last quarter.

Shares of NYSEARCA:SCHB traded up $0.08 during trading hours on Monday, reaching $69.81. The stock had a trading volume of 592,960 shares, compared to its average volume of 1,176,861. Schwab US Broad Market ETF has a 1 year low of $56.12 and a 1 year high of $71.36.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Thursday, March 21st were given a $0.2777 dividend. The ex-dividend date was Wednesday, March 20th. This is an increase from Schwab US Broad Market ETF’s previous quarterly dividend of $0.08. This represents a $1.11 dividend on an annualized basis and a dividend yield of 1.59%.

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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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