Planned Solutions Inc. Invests $1.69 Million in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Planned Solutions Inc. purchased a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,352 shares of the company’s stock, valued at approximately $1,690,000. Schwab US Broad Market ETF makes up about 0.8% of Planned Solutions Inc.’s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Gemmer Asset Management LLC boosted its position in shares of Schwab US Broad Market ETF by 11.8% during the fourth quarter. Gemmer Asset Management LLC now owns 383,592 shares of the company’s stock worth $21,355,000 after purchasing an additional 40,477 shares in the last quarter. Cypress Point Wealth Management LLC raised its holdings in shares of Schwab US Broad Market ETF by 22.9% during the fourth quarter. Cypress Point Wealth Management LLC now owns 56,691 shares of the company’s stock worth $3,156,000 after acquiring an additional 10,581 shares during the period. Red Door Wealth Management LLC raised its holdings in shares of Schwab US Broad Market ETF by 0.3% during the fourth quarter. Red Door Wealth Management LLC now owns 80,791 shares of the company’s stock worth $4,498,000 after acquiring an additional 254 shares during the period. ZRC Wealth Management LLC raised its holdings in shares of Schwab US Broad Market ETF by 589.4% during the fourth quarter. ZRC Wealth Management LLC now owns 47,234 shares of the company’s stock worth $2,630,000 after acquiring an additional 40,383 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its holdings in shares of Schwab US Broad Market ETF by 27.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 17,828 shares of the company’s stock worth $992,000 after acquiring an additional 3,874 shares during the period.

Schwab US Broad Market ETF Stock Up 0.9 %

Shares of NYSEARCA:SCHB opened at $61.01 on Thursday. Schwab US Broad Market ETF has a 12 month low of $45.99 and a 12 month high of $61.08. The company’s fifty day simple moving average is $58.61 and its 200 day simple moving average is $54.45. The firm has a market cap of $27.18 billion, a price-to-earnings ratio of 17.59 and a beta of 1.03.

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.