Cornerstone Planning LLC Invests $1.28 Million in Schwab US Broad Market ETF $SCHB

Cornerstone Planning LLC acquired a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 48,984 shares of the company’s stock, valued at approximately $1,285,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Evergreen Advisors LLC acquired a new stake in Schwab US Broad Market ETF during the 4th quarter valued at $161,772,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at $77,479,000. Boulder Wealth Advisors LLC acquired a new position in shares of Schwab US Broad Market ETF in the third quarter valued at $40,435,000. Appalachian Capital Management Ltd bought a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at about $40,815,000. Finally, Focus Partners Wealth raised its position in shares of Schwab US Broad Market ETF by 130.3% in the fourth quarter. Focus Partners Wealth now owns 2,626,053 shares of the company’s stock valued at $68,881,000 after purchasing an additional 1,485,838 shares during the period.

Schwab US Broad Market ETF Stock Performance

NYSEARCA SCHB opened at $28.97 on Friday. The stock has a market cap of $42.84 billion, a PE ratio of 25.08 and a beta of 1.02. The firm has a 50-day moving average of $28.20 and a 200-day moving average of $26.91. Schwab US Broad Market ETF has a 52-week low of $22.88 and a 52-week high of $29.35.

About Schwab US Broad Market ETF

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. The types of derivatives used by the Fund are options, futures, options on futures and swaps.