TD Ameritrade Expands Commission-Free ETFs

In addition to USSA, the expanded list includes ETFs from providers such as BlackRock, Inc.’s (BLK) iShares, State Street Global Advisors and Wisdom Tree. “We are continuing to improve our ETF offering in order to provide our clients with the resources they need to make investment decisions that are …

Low-cost investing is all the rage, with discount brokerage after discount brokerage offering breaks on trades and commission-free exchange-traded funds (ETFs). Aiming to keep up the momentum TD Ameritrade has been enjoying, the Omaha, Nebraska-based discount brokerage expanded its commission-free ETF offering.

According to TD Ameritrade Holding Corporation (AMTD), the company has added 24 commission-free ETFs to its ETF Market Center, bringing the total number of ETFs that don’t have a commission attached to them to 320. The brokerage also added USSA as an ETF provider in its ETF Market Center. The company said that it tripled the number of commission-free ETFs in October of last year, and this latest move builds on that effort. After the overhaul, the company said that ETF Market Center commission-free ETF balances grew by about $8 billion. In addition to USSA, the expanded list includes ETFs from providers such as BlackRock, Inc.’s (BLK) iShares, State Street Global Advisors and Wisdom Tree.

“We are continuing to improve our ETF offering in order to provide our clients with the resources they need to make investment decisions that are right for them,” said Keith Denerstein, director of guidance product management for TD Ameritrade.

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When TD Ameritrade overhauled its commission-free ETF platform in October, many saw it as a way to monetize ETF investing and shined a light on a growing trend in which fund creators pay to get prime placement for their investment products with the brokerage houses. While “paying for shelf space” is a common practice in the mutual fund world, only recently have ETF providers adopted the practice, according to The Wall Street Journal. These funds already have low costs associated with them and are being offered by a handful of discount brokers without any commissions.

Because these funds aren’t bringing in much revenue in the form of fees for the likes of TD Ameritrade, Charles Schwab, and E*TRADE, a lot of the discount brokers will share in the fees the funds do generate. TD Ameritrade has long been a holdout, but the pressure to monetize prompted a deal with State Street Global Advisors last year to offer its low-cost ETFs commission free through the TD Ameritrade ETF Market Center. This comes as TD Ameritrade is seeing strong growth and record trading activity. In January, the company’s Chief Executive Timothy Hockey said that average daily trades are close to 1 million.

TD Ameritrade isn’t the only firm that has expanded its offering of commission-free ETFs in recent weeks. In early January, rival The Charles Schwab Corporation (SCHW) announced that it was adding 12 new ETFs to its commission-free platform. All told, Schwab customers have access to 245 ETFs that don’t have a commission attached to them. Overall, there are currently more than 1,700 ETFs for investors to choose from – and that’s in the U.S. alone.

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Black Hills Corporation (BKH): Insider Trading and Ownership Analysis

VANGUARD GROUP INC with 5.41 million shares, STATE STREET CORP with 4.62 million shares, GOLDMAN SACHS GROUP INC with 2.52 million shares, and WELLINGTON MANAGEMENT GROUP LLP with 1.97 million shares. According to Black Hills Corporation (BKH) most recent 13F filing, …

Black Hills Corporation (NYSE:BKH) has seen its stock price gain 4.56, or -7.59%, so far in 2017. In the past 3-month period alone, shares of BKH have appreciated -9.71 – or -14.88%. The stock’s 52-week range is $52.50 to $72.02, and its 3-month range is $52.50 to $65.71.

The average Wall Street analyst rating for Black Hills Corporation is Hold, according to the average of 7 analyst scores. Of those analysts, 3 rate stock as a Strong Buy, 3 rate it as Hold, and just no analyst rates it as a Moderate Sell.

Insider Trading Activity for Black Hills Corporation

Looking at insider trading can give great insight into how Black Hills Corporation (NYSE:BKH) is performing. Black Hills Corporation has had 15 insider trades in the last 3 months, including 15 open market buys and 0 sells. Of those insider trades, 986 shares of Black Hills Corporation were purchased and 0 shares were sold. The total number of shares traded in the last 90-day period is 986.

Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 110 insider trades, including 93 open market buys and 17 sells. Of those transactions, there were 39,469 shares of BKH bought and 14,799 shares sold. The total number of shares traded in the last 12 months is 54,268.



The most recent open market insider trade was Acquisition (Non Open Market) of 8 shares on a day where the closing price was 58.11. The insider, VERING JOHN B, now holds 10,962 shares of BKH.

The most recent non open market insider trade was completed by OTTO ROBERT P on 01/03/2018, and was a acquisition of 57 shares with a final price of $58.87. The insider now holds 667 shares of Black Hills Corporation (BKH).

Examining Institutional Ownership at Black Hills Corporation (NYSE:BKH)

According to Black Hills Corporation’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 95.41%. The total amount of shares outstanding is 53.24 million, giving the company a market capitalization of about 2.96 billion.

There are 267 institutional holders with active positions, accounting for 51.03 million shares in total. Of those holders, 110 had increased positions amounting to 2.6 million shares, 102 had decreased positions amounting to 2.68 million shares, and 55 holders have a held position accounting for 45.74 million shares.

The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 8.16 million shares, VANGUARD GROUP INC with 5.41 million shares, STATE STREET CORP with 4.62 million shares, GOLDMAN SACHS GROUP INC with 2.52 million shares, and WELLINGTON MANAGEMENT GROUP LLP with 1.97 million shares.

According to Black Hills Corporation (BKH) most recent 13F filing, the company has 24 new institutional holders – accounting for 289,538 shares of its common stock. There were 20 sold out positions, amounting to 1.22 million shares.


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Venture Center, FinTech Sandbox Announce Partnership

The Venture Center and FinTech Sandbox said their partnership will connect the financial technology startup and banking communities in central Arkansas and Boston and beyond; facilitate deal flow and curate companies that can benefit from FinTech Sandbox’s services or VC FinTech; and provide the …

Venture Center, FinTech Sandbox Announce Partnership

by Arkansas Business Staff on Thursday, Feb. 1, 2018 1:43 pm 1 min read

The Venture Center of Little Rock and Boston-based FinTech Sandbox announced Wednesday their partnership to increase access to financial data that financial technology startups need to jump start their businesses.

The Venture Center is accepting applications through Feb. 5 for its third annual VC FinTech Accelerator, a 12-week program, and said this partnership would deepen that program’s value. Click here to apply.

FinTech Sandbox is a nonprofit that promotes financial technology innovation globally by providing free access to critical data and resources to financial technology startups.

In return, Sandbox participants are expected to collaborate, sharing learnings and advancements that benefit the financial technology ecosystem.

The Venture Center and FinTech Sandbox said their partnership will connect the financial technology startup and banking communities in central Arkansas and Boston and beyond; facilitate deal flow and curate companies that can benefit from FinTech Sandbox’s services or VC FinTech; and provide the opportunity for VC FinTech participants to benefit from the FinTech Sandbox offerings.

The Venture Center said the accelerator participants will have access to data feeds for development, cloud hosting and an opportunity to engage with a diverse financial technology network of entrepreneurs and finance professionals.

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Broadcom Ltd (AVGO) Shares Bought by FineMark National Bank & Trust

Broadcom logo FineMark National Bank & Trust increased its holdings in shares of Broadcom Ltd (NASDAQ:AVGO) by 29.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,793 shares of the semiconductor manufacturer’s stock …

Broadcom logoFineMark National Bank & Trust increased its holdings in shares of Broadcom Ltd (NASDAQ:AVGO) by 29.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,793 shares of the semiconductor manufacturer’s stock after buying an additional 413 shares during the quarter. FineMark National Bank & Trust’s holdings in Broadcom were worth $461,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. AllSquare Wealth Management LLC acquired a new stake in shares of Broadcom in the 3rd quarter valued at about $113,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Broadcom in the 2nd quarter valued at about $113,000. Tower Research Capital LLC TRC raised its stake in shares of Broadcom by 473.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock valued at $134,000 after purchasing an additional 473 shares during the period. Carroll Financial Associates Inc. raised its stake in shares of Broadcom by 59.0% in the 3rd quarter. Carroll Financial Associates Inc. now owns 593 shares of the semiconductor manufacturer’s stock valued at $144,000 after purchasing an additional 220 shares during the period. Finally, FNY Partners Fund LP acquired a new stake in shares of Broadcom in the 4th quarter valued at about $154,000. 88.51% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Thomas H. Krause sold 2,595 shares of Broadcom stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $267.34, for a total transaction of $693,747.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hock E. Tan sold 20,000 shares of Broadcom stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $265.21, for a total value of $5,304,200.00. The disclosure for this sale can be found here. Insiders have sold 86,674 shares of company stock valued at $22,659,390 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.

Broadcom Ltd (AVGO) opened at $248.03 on Thursday. Broadcom Ltd has a 1-year low of $198.86 and a 1-year high of $285.68. The company has a current ratio of 6.26, a quick ratio of 5.68 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $98,754.18, a PE ratio of 58.22, a P/E/G ratio of 1.03 and a beta of 1.04.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.07. Broadcom had a return on equity of 28.64% and a net margin of 10.18%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter last year, the company posted $3.47 earnings per share. Broadcom’s quarterly revenue was up 17.1% on a year-over-year basis. analysts forecast that Broadcom Ltd will post 16.99 EPS for the current fiscal year.

Several research firms have issued reports on AVGO. Canaccord Genuity lifted their price target on Broadcom from $100.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada reissued a “top pick” rating and issued a $285.00 price target on shares of Broadcom in a research note on Wednesday, October 11th. Jefferies Group set a $286.00 price target on Broadcom and gave the company a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research raised Broadcom from a “sell” rating to a “hold” rating and set a $316.00 price target on the stock in a research note on Monday, November 27th. Finally, BidaskClub downgraded Broadcom from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Broadcom has a consensus rating of “Buy” and a consensus target price of $302.89.

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Broadcom Profile

Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Want to see what other hedge funds are holding AVGO?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Ltd (NASDAQ:AVGO).

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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M&R Capital Management Inc. Sells 1488 Shares of QUALCOMM, Inc. (QCOM)

QUALCOMM logo M&R Capital Management Inc. cut its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,995 shares of the …

QUALCOMM logoM&R Capital Management Inc. cut its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,995 shares of the wireless technology company’s stock after selling 1,488 shares during the period. M&R Capital Management Inc.’s holdings in QUALCOMM were worth $4,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. FCA Corp TX raised its position in QUALCOMM by 1.0% during the second quarter. FCA Corp TX now owns 4,866 shares of the wireless technology company’s stock valued at $269,000 after purchasing an additional 49 shares during the period. Meridian Investment Counsel Inc. grew its stake in shares of QUALCOMM by 0.3% during the second quarter. Meridian Investment Counsel Inc. now owns 18,293 shares of the wireless technology company’s stock valued at $1,010,000 after buying an additional 50 shares during the last quarter. Valueworks LLC grew its stake in shares of QUALCOMM by 0.3% during the second quarter. Valueworks LLC now owns 14,976 shares of the wireless technology company’s stock valued at $827,000 after buying an additional 50 shares during the last quarter. Birch Hill Investment Advisors LLC grew its stake in shares of QUALCOMM by 1.4% during the second quarter. Birch Hill Investment Advisors LLC now owns 3,651 shares of the wireless technology company’s stock valued at $202,000 after buying an additional 51 shares during the last quarter. Finally, Connecticut Wealth Management LLC grew its stake in shares of QUALCOMM by 0.5% during the second quarter. Connecticut Wealth Management LLC now owns 11,933 shares of the wireless technology company’s stock valued at $664,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.

QUALCOMM, Inc. (NASDAQ QCOM) opened at $68.25 on Thursday. QUALCOMM, Inc. has a 52 week low of $48.92 and a 52 week high of $69.28. The stock has a market capitalization of $100,610.00, a P/E ratio of 41.36, a P/E/G ratio of 1.91 and a beta of 1.39. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The company had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $5.93 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. QUALCOMM’s revenue was up 1.7% compared to the same quarter last year. analysts expect that QUALCOMM, Inc. will post 3.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 3.34%. QUALCOMM’s dividend payout ratio (DPR) is currently 138.18%.

A number of research analysts have recently commented on the company. Vetr cut QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 target price on the stock. in a research note on Thursday. Royal Bank of Canada upped their target price on QUALCOMM from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday. Canaccord Genuity upped their target price on QUALCOMM from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Macquarie upped their target price on QUALCOMM from $55.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Finally, Mizuho reaffirmed a “buy” rating and set a $75.00 target price (up previously from $65.00) on shares of QUALCOMM in a research note on Wednesday, January 17th. Eighteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $67.56.

In other QUALCOMM news, EVP Michelle M. Sterling sold 7,840 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total transaction of $521,830.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Matthew S. Grob sold 20,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $60.44, for a total value of $1,208,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 73,346 shares of company stock worth $4,708,304. 0.24% of the stock is owned by insiders.

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QUALCOMM Profile

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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