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Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,483 shares of the company’s stock after purchasing an additional 13,159 shares during the quarter. Schwab US Broad Market ETF comprises about 9.7% of Carlton Hofferkamp & Jenks Wealth Management LLC’s investment portfolio, making the stock its largest holding. Carlton Hofferkamp & Jenks Wealth Management LLC owned about 0.11% of Schwab US Broad Market ETF worth $13,513,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHB. NewSquare Capital LLC bought a new stake in shares of Schwab US Broad Market ETF in the fourth quarter worth about $37,000. Simplex Trading LLC bought a new stake in shares of Schwab US Broad Market ETF in the fourth quarter worth about $51,000. Legacy Bridge LLC bought a new stake in shares of Schwab US Broad Market ETF in the fourth quarter worth about $61,000. Sterling Investment Advisors Ltd. increased its holdings in shares of Schwab US Broad Market ETF by 25.6% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 1,470 shares of the company’s stock worth $88,000 after acquiring an additional 300 shares in the last quarter. Finally, D Orazio & Associates Inc. increased its holdings in shares of Schwab US Broad Market ETF by 17.3% in the fourth quarter. D Orazio & Associates Inc. now owns 1,663 shares of the company’s stock worth $100,000 after acquiring an additional 245 shares in the last quarter.
Shares of NYSEARCA:SCHB traded down $0.26 during mid-day trading on Tuesday, reaching $63.37. 26,195 shares of the stock were exchanged, compared to its average volume of 1,573,432. Schwab US Broad Market ETF has a one year low of $56.12 and a one year high of $71.36.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 3rd. Investors of record on Monday, December 31st were issued a dividend of $0.0798 per share. The ex-dividend date was Friday, December 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.50%.
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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.
Further Reading: Moving Average (MA)
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