Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Stock Position Raised by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 212.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 72,806 shares of the company’s stock after purchasing an additional 49,530 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.64% of Schwab Fundamental U.S. Broad Market Index ETF worth $1,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stifel Financial Corp lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 24.0% during the third quarter. Stifel Financial Corp now owns 4,895 shares of the company’s stock worth $344,000 after purchasing an additional 946 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 10,860 shares of the company’s stock valued at $253,000 after acquiring an additional 7,240 shares in the last quarter. FMR LLC boosted its holdings in 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 worth $103,000 after purchasing an additional 849 shares during the last quarter. Allworth Financial LP increased its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 269.0% in the fourth quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock valued at $27,000 after acquiring an additional 807 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,900 shares of the company’s stock worth $230,000 after buying an additional 6,600 shares during the last quarter.

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

Shares of Schwab Fundamental U.S. Broad Market Index ETF stock opened at $22.84 on Friday. The company has a market capitalization of $873.63 million, a price-to-earnings ratio of 18.58 and a beta of 1.02. Schwab Fundamental U.S. Broad Market Index ETF has a 1 year low of $20.83 and a 1 year high of $24.73. The business has a fifty day simple moving average of $23.77 and a two-hundred day simple moving average of $23.69.

Schwab Fundamental U.S. Broad Market Index ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be given a dividend of $0.0984 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

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.