Fmr LLC Raises Stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Fmr LLC increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 139.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,457 shares of the company’s stock after buying an additional 849 shares during the period. Fmr LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Glass Jacobson Investment Advisors llc boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 252.2% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 553 shares of the company’s stock worth $36,000 after buying an additional 396 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the second quarter worth approximately $142,000. Winthrop Advisory Group LLC purchased a new stake in Schwab Fundamental U.S. Broad Market Index ETF in the third quarter valued at approximately $211,000. Vanguard Capital Wealth Advisors acquired a new position in Schwab Fundamental U.S. Broad Market Index ETF during the second quarter worth approximately $229,000. Finally, Foster & Motley Inc. raised its stake in Schwab Fundamental U.S. Broad Market Index ETF by 7.5% during the second quarter. Foster & Motley Inc. now owns 3,907 shares of the company’s stock worth $256,000 after purchasing an additional 272 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Trading Up 0.9 %

Shares of Schwab Fundamental U.S. Broad Market Index ETF stock opened at $23.55 on Thursday. The company has a fifty day moving average price of $23.95 and a 200 day moving average price of $23.05. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $19.88 and a twelve month high of $24.73. The stock has a market cap of $268.47 million, a price-to-earnings ratio of 17.65 and a beta of 0.86.

About Schwab Fundamental U.S. Broad Market Index ETF

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.