Cypress Point Wealth Management LLC Acquires 690 Shares of Schwab US Broad Market ETF $SCHB

Cypress Point Wealth Management LLC grew its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,152 shares of the company’s stock after purchasing an additional 690 shares during the period. Schwab US Broad Market ETF comprises about 0.9% of Cypress Point Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. Cypress Point Wealth Management LLC’s holdings in Schwab US Broad Market ETF were worth $3,888,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in Schwab US Broad Market ETF by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,095,500 shares of the company’s stock valued at $45,116,000 after purchasing an additional 178,997 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Schwab US Broad Market ETF by 5.3% during the first quarter. Stratos Wealth Partners LTD. now owns 24,351 shares of the company’s stock worth $524,000 after acquiring an additional 1,220 shares during the last quarter. GAMMA Investing LLC increased its stake in Schwab US Broad Market ETF by 2,053.0% during the first quarter. GAMMA Investing LLC now owns 31,132 shares of the company’s stock worth $670,000 after acquiring an additional 29,686 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Schwab US Broad Market ETF by 3.4% during the first quarter. Park Avenue Securities LLC now owns 37,673 shares of the company’s stock valued at $811,000 after buying an additional 1,249 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Schwab US Broad Market ETF by 4.9% during the first quarter. Cetera Investment Advisers now owns 587,930 shares of the company’s stock valued at $12,658,000 after buying an additional 27,325 shares during the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB opened at $25.48 on Thursday. The stock has a 50 day moving average price of $24.69 and a 200 day moving average price of $22.99. The firm has a market capitalization of $36.84 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. Schwab US Broad Market ETF has a 52-week low of $18.52 and a 52-week high of $25.61.

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.