Orion Portfolio Solutions LLC Increases Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Orion Portfolio Solutions LLC raised its holdings in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 230.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,431 shares of the company’s stock after purchasing an additional 56,771 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Schwab US Broad Market ETF were worth $1,848,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHB. Brooklyn FI LLC lifted its stake in shares of Schwab US Broad Market ETF by 17,756.0% during the 4th quarter. Brooklyn FI LLC now owns 23,155,242 shares of the company’s stock valued at $576,012,000 after buying an additional 23,025,564 shares in the last quarter. Rebalance LLC lifted its position in shares of Schwab US Broad Market ETF by 199.9% during the fourth quarter. Rebalance LLC now owns 11,471,005 shares of the company’s stock worth $260,392,000 after acquiring an additional 7,646,591 shares in the last quarter. Hengehold Capital Management LLC boosted its holdings in shares of Schwab US Broad Market ETF by 192.6% in the fourth quarter. Hengehold Capital Management LLC now owns 8,942,406 shares of the company’s stock worth $202,993,000 after acquiring an additional 5,886,366 shares during the period. Strid Group LLC grew its position in shares of Schwab US Broad Market ETF by 197.8% in the fourth quarter. Strid Group LLC now owns 8,530,226 shares of the company’s stock valued at $193,636,000 after purchasing an additional 5,666,068 shares in the last quarter. Finally, Bouchey Financial Group Ltd grew its position in shares of Schwab US Broad Market ETF by 213.4% in the fourth quarter. Bouchey Financial Group Ltd now owns 8,165,768 shares of the company’s stock valued at $185,363,000 after purchasing an additional 5,560,636 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB opened at $21.76 on Thursday. Schwab US Broad Market ETF has a 52-week low of $19.14 and a 52-week high of $23.77. The stock’s 50-day simple moving average is $22.67 and its 200 day simple moving average is $22.73. The stock has a market capitalization of $31.12 billion, a price-to-earnings ratio of 23.74 and a beta of 1.05.

Schwab US Broad Market ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued 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.