River & Mercantile LLC lowered its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 14.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 456,697 shares of the company’s stock after selling 78,474 shares during the quarter. Schwab US Broad Market ETF accounts for about 34.7% of River & Mercantile LLC’s investment portfolio, making the stock its largest position. River & Mercantile LLC owned about 0.24% of Schwab US Broad Market ETF worth $32,147,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SCHB. McAdam LLC grew its holdings in shares of Schwab US Broad Market ETF by 88.5% during the 3rd quarter. McAdam LLC now owns 1,663 shares of the company’s stock worth $117,000 after purchasing an additional 781 shares in the last quarter. Roof Advisory Group Inc. bought a new position in shares of Schwab US Broad Market ETF during the 2nd quarter worth approximately $208,000. Pacific Sun Financial Corp bought a new position in shares of Schwab US Broad Market ETF during the 2nd quarter worth approximately $209,000. Bank of Montreal Can lifted its position in shares of Schwab US Broad Market ETF by 59.8% during the 3rd quarter. Bank of Montreal Can now owns 3,187 shares of the company’s stock worth $224,000 after buying an additional 1,193 shares during the period. Finally, Aull & Monroe Investment Management Corp bought a new position in shares of Schwab US Broad Market ETF during the 2nd quarter worth approximately $229,000.
Shares of Schwab US Broad Market ETF stock traded down $1.16 during midday trading on Thursday, hitting $66.48. 60,031 shares of the company were exchanged, compared to its average volume of 779,003. Schwab US Broad Market ETF has a 52 week low of $61.07 and a 52 week high of $71.36.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Wednesday, September 26th were given a dividend of $0.3102 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, September 25th. This is an increase from Schwab US Broad Market ETF’s previous quarterly dividend of $0.29.
Schwab US Broad Market ETF Company 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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