Planning Alternatives Ltd. ADV Increases Stake in Schwab US Broad Market ETF (NYSEARCA:SCHB)

Planning Alternatives Ltd. ADV raised its position in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 160.6% during the fourth quarter, HoldingsChannel reports. The firm owned 151,333 shares of the company’s stock after purchasing an additional 93,264 shares during the period. Schwab US Broad Market ETF comprises 0.5% of Planning Alternatives Ltd. ADV’s holdings, making the stock its 15th biggest position. Planning Alternatives Ltd. ADV’s holdings in Schwab US Broad Market ETF were worth $3,435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. lifted its holdings in Schwab US Broad Market ETF by 200.0% in the 4th quarter. Maryland Capital Advisors Inc. now owns 1,161 shares of the company’s stock valued at $26,000 after purchasing an additional 774 shares in the last quarter. Wiser Advisor Group LLC lifted its holdings in Schwab US Broad Market ETF by 200.8% in the 4th quarter. Wiser Advisor Group LLC now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 785 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in Schwab US Broad Market ETF by 201.0% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,249 shares of the company’s stock valued at $28,000 after purchasing an additional 834 shares in the last quarter. Beacon Capital Management LLC lifted its holdings in Schwab US Broad Market ETF by 200.2% in the 4th quarter. Beacon Capital Management LLC now owns 1,216 shares of the company’s stock valued at $28,000 after purchasing an additional 811 shares in the last quarter. Finally, Albion Financial Group UT lifted its holdings in Schwab US Broad Market ETF by 200.0% in the 4th quarter. Albion Financial Group UT now owns 1,260 shares of the company’s stock valued at $29,000 after purchasing an additional 840 shares in the last quarter.

Schwab US Broad Market ETF Stock Down 1.7 %

Shares of SCHB opened at $22.53 on Tuesday. Schwab US Broad Market ETF has a 52-week low of $19.14 and a 52-week high of $23.77. The company has a market capitalization of $32.22 billion, a PE ratio of 25.96 and a beta of 1.04. The stock has a fifty day simple moving average of $23.18 and a two-hundred day simple moving average of $22.69.

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.