Financial Solutions Advisory Group Inc. Takes Position in Schwab US Broad Market ETF $SCHB

Financial Solutions Advisory Group Inc. acquired a new stake in Schwab US Broad Market ETF (NYSEARCA:SCHB) during the first quarter, Holdings Channel.com reports. The firm acquired 195,424 shares of the company’s stock, valued at approximately $4,905,000. Schwab US Broad Market ETF comprises approximately 0.7% of Financial Solutions Advisory Group Inc.’s portfolio, making the stock its 26th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NWK Group Inc. boosted its position in Schwab US Broad Market ETF by 23.0% during the first quarter. NWK Group Inc. now owns 1,897 shares of the company’s stock worth $48,000 after purchasing an additional 355 shares during the period. NerdWallet Wealth Partners LLC raised its position in shares of Schwab US Broad Market ETF by 4.5% in the first quarter. NerdWallet Wealth Partners LLC now owns 9,017 shares of the company’s stock valued at $226,000 after purchasing an additional 385 shares during the period. GeoWealth Management LLC raised its position in shares of Schwab US Broad Market ETF by 0.4% in the third quarter. GeoWealth Management LLC now owns 100,043 shares of the company’s stock valued at $2,572,000 after purchasing an additional 388 shares during the period. Wealthgarden F.S. LLC lifted its stake in shares of Schwab US Broad Market ETF by 1.2% in the first quarter. Wealthgarden F.S. LLC now owns 34,107 shares of the company’s stock worth $856,000 after buying an additional 395 shares during the last quarter. Finally, LifeSteps Financial Inc. lifted its stake in shares of Schwab US Broad Market ETF by 2.9% in the first quarter. LifeSteps Financial Inc. now owns 15,178 shares of the company’s stock worth $381,000 after buying an additional 423 shares during the last quarter.

Schwab US Broad Market ETF Trading Up 0.6%

NYSEARCA SCHB opened at $28.85 on Friday. The company has a fifty day simple moving average of $28.82 and a 200 day simple moving average of $27.42. The company has a market cap of $43.28 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1 year low of $23.85 and a 1 year high of $29.35.

Schwab US Broad Market ETF Company 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.