Comerica Bank Buys 7,457 Shares of Schwab US Broad Market ETF (NYSEARCA:SCHB)

Comerica Bank increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 178.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,636 shares of the company’s stock after acquiring an additional 7,457 shares during the period. Comerica Bank’s holdings in Schwab US Broad Market ETF were worth $264,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SCHB. Regent Peak Wealth Advisors LLC raised its holdings in Schwab US Broad Market ETF by 219.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 87,936 shares of the company’s stock worth $1,996,000 after acquiring an additional 60,398 shares in the last quarter. Wedmont Private Capital raised its stake in Schwab US Broad Market ETF by 195.9% in the fourth quarter. Wedmont Private Capital now owns 11,054 shares of the company’s stock valued at $249,000 after buying an additional 7,318 shares during the period. Park Avenue Securities LLC raised its stake in Schwab US Broad Market ETF by 200.0% in the fourth quarter. Park Avenue Securities LLC now owns 36,424 shares of the company’s stock valued at $827,000 after buying an additional 24,284 shares during the period. Essex Savings Bank raised its stake in Schwab US Broad Market ETF by 196.7% in the fourth quarter. Essex Savings Bank now owns 15,557 shares of the company’s stock valued at $353,000 after buying an additional 10,314 shares during the period. Finally, SignalPoint Asset Management LLC raised its stake in Schwab US Broad Market ETF by 202.7% in the fourth quarter. SignalPoint Asset Management LLC now owns 9,934 shares of the company’s stock valued at $226,000 after buying an additional 6,652 shares during the period.

Schwab US Broad Market ETF Stock Up 0.7%

NYSEARCA:SCHB opened at $22.94 on Friday. The stock’s 50 day moving average price is $21.25 and its two-hundred day moving average price is $22.45. The firm has a market capitalization of $33.03 billion, a price-to-earnings ratio of 25.46 and a beta of 1.03. Schwab US Broad Market ETF has a 12-month low of $18.53 and a 12-month high of $23.77.

Schwab US Broad Market ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were paid a $0.0649 dividend. The ex-dividend date was Wednesday, March 26th.

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.