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

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

Several other hedge funds have also added to or reduced their stakes in the company. Financial Life Planners acquired a new position in Schwab US Broad Market ETF in the 3rd quarter valued at $27,000. Birchwood Financial Partners Inc. bought a new position in Schwab US Broad Market ETF during the 4th quarter worth $28,000. Wiser Advisor Group LLC acquired a new stake in shares of Schwab US Broad Market ETF during the third quarter worth $29,000. Bayban acquired a new stake in shares of Schwab US Broad Market ETF during the fourth quarter worth $33,000. Finally, LRI Investments LLC acquired a new stake in shares of Schwab US Broad Market ETF during the fourth quarter worth $35,000.

Schwab US Broad Market ETF Stock Performance

Shares of Schwab US Broad Market ETF stock opened at $28.97 on Friday. 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. The stock has a market cap of $42.84 billion, a PE ratio of 25.08 and a beta of 1.02.

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