420,198 Shares in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 420,198 shares of the company’s stock, valued at approximately $9,774,000. Raymond James Financial Inc. owned approximately 3.69% of Schwab Fundamental U.S. Broad Market Index ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FNDB. Allworth Financial LP grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 269.0% during the fourth quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock valued at $27,000 after purchasing an additional 807 shares during the last quarter. Pflug Koory LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock valued at $33,000 after purchasing an additional 938 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,468 shares of the company’s stock valued at $81,000 after purchasing an additional 2,312 shares during the last quarter. Tanglewood Legacy Advisors LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter valued at approximately $97,000. Finally, FMR LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 139.6% during the third quarter. FMR LLC now owns 1,457 shares of the company’s stock valued at $103,000 after purchasing an additional 849 shares during the last quarter.

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

Shares of FNDB stock opened at $23.14 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a 52-week low of $20.83 and a 52-week high of $24.73. The stock has a market cap of $885.11 million, a PE ratio of 18.58 and a beta of 1.02. The firm’s 50 day moving average price is $23.80 and its two-hundred day moving average price is $23.67.

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.