Successful Portfolios LLC lifted its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 9.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,861 shares of the company’s stock after purchasing an additional 8,500 shares during the quarter. Schwab US Broad Market ETF comprises about 6.7% of Successful Portfolios LLC’s portfolio, making the stock its 2nd biggest position. Successful Portfolios LLC’s holdings in Schwab US Broad Market ETF were worth $7,092,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Schwab US Broad Market ETF in the 2nd quarter worth $26,000. Gradient Investments LLC raised its stake in Schwab US Broad Market ETF by 280.0% in the 2nd quarter. Gradient Investments LLC now owns 494 shares of the company’s stock worth $35,000 after acquiring an additional 364 shares during the last quarter. Advisory Alpha LLC purchased a new position in Schwab US Broad Market ETF in the 1st quarter worth $37,000. Astor Investment Management LLC purchased a new position in Schwab US Broad Market ETF in the 2nd quarter worth $44,000. Finally, Armor Investment Advisors LLC raised its stake in Schwab US Broad Market ETF by 410.0% in the 2nd quarter. Armor Investment Advisors LLC now owns 765 shares of the company’s stock worth $54,000 after acquiring an additional 615 shares during the last quarter.
SCHB stock traded up $0.75 during midday trading on Friday, reaching $70.83. The stock had a trading volume of 120,473 shares, compared to its average volume of 1,004,213. The firm has a fifty day simple moving average of $70.58 and a two-hundred day simple moving average of $69.96. Schwab US Broad Market ETF has a 52-week low of $56.12 and a 52-week high of $72.63.
The company also recently announced a — dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.3405 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a yield of 1.8%.
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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