Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 11.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,263 shares of the company’s stock after selling 1,741 shares during the quarter. SeaCrest Wealth Management LLC owned about 0.14% of Schwab Fundamental U.S. Broad Market Index ETF worth $879,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 5.0% during the first quarter. AdvisorNet Financial Inc now owns 12,938 shares of the company’s stock worth $857,000 after acquiring an additional 611 shares during the period. Foster Group Inc. increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 10.0% during the first quarter. Foster Group Inc. now owns 20,197 shares of the company’s stock worth $1,338,000 after acquiring an additional 1,834 shares during the period. Pineridge Advisors LLC acquired a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth about $93,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 9.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 133,709 shares of the company’s stock worth $8,170,000 after acquiring an additional 10,989 shares during the period. Finally, Great Valley Advisor Group Inc. acquired a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth about $307,000.

Schwab Fundamental U.S. Broad Market Index ETF Price Performance

Shares of Schwab Fundamental U.S. Broad Market Index ETF stock opened at $65.80 on Thursday. Schwab Fundamental U.S. Broad Market Index ETF has a 52-week low of $52.39 and a 52-week high of $66.46. The company’s 50-day simple moving average is $65.20 and its 200-day simple moving average is $63.63. The firm has a market cap of $750.06 million, a price-to-earnings ratio of 17.65 and a beta of 0.86.

Schwab Fundamental U.S. Broad Market Index ETF Profile

The Schwab Fundamental U.S. Broad Market Index ETF (FNDB) is an exchange-traded fund that is based on the Russell RAFI US index. The fund tracks a US equity index, selected and weighted based on three fundamental factors (sales, cash flow and dividends\u002Fbuybacks). FNDB was launched on Aug 8, 2013 and is managed by Charles Schwab.