Financial Solutions Advisory Group Inc. Acquires New Shares in Schwab US Broad Market ETF $SCHB

Financial Solutions Advisory Group Inc. bought a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 195,424 shares of the company’s stock, valued at approximately $4,905,000. Schwab US Broad Market ETF makes up approximately 0.7% of Financial Solutions Advisory Group Inc.’s investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHB. HighTower Advisors LLC increased its holdings in Schwab US Broad Market ETF by 11.0% in the fourth quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock worth $226,412,000 after buying an additional 854,800 shares during the last quarter. Hanson & Doremus Investment Management lifted its stake in Schwab US Broad Market ETF by 0.5% in the first quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock valued at $176,733,000 after acquiring an additional 33,281 shares during the last quarter. Evergreen Advisors LLC grew its position in Schwab US Broad Market ETF by 1.8% in the first quarter. Evergreen Advisors LLC now owns 6,280,152 shares of the company’s stock worth $157,632,000 after acquiring an additional 112,717 shares in the last quarter. HHM Wealth Advisors LLC grew its position in Schwab US Broad Market ETF by 2.2% in the first quarter. HHM Wealth Advisors LLC now owns 5,146,591 shares of the company’s stock worth $129,179,000 after acquiring an additional 108,943 shares in the last quarter. Finally, TruNorth Capital Management LLC increased its stake in shares of Schwab US Broad Market ETF by 0.4% during the 4th quarter. TruNorth Capital Management LLC now owns 5,090,429 shares of the company’s stock worth $133,522,000 after purchasing an additional 19,118 shares during the last quarter.

Schwab US Broad Market ETF Stock Up 0.6%

Shares of SCHB opened at $28.85 on Friday. The firm has a market cap of $43.28 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The company’s fifty day moving average is $28.82 and its 200-day moving average is $27.42. Schwab US Broad Market ETF has a 12 month low of $23.85 and a 12 month high of $29.35.

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.