Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Stock Price Down 0.5% – What’s Next?

Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) traded down 0.5% during mid-day trading on Thursday . The company traded as low as $24.07 and last traded at $24.09. 89,899 shares were traded during mid-day trading, a decline of 1% from the average session volume of 90,655 shares. The stock had previously closed at $24.22.

Schwab Fundamental U.S. Broad Market Index ETF Trading Down 0.5 %

The business’s fifty day moving average price is $23.40 and its 200 day moving average price is $22.55. The company has a market capitalization of $274.63 million, a P/E ratio of 17.65 and a beta of 0.86.

Institutional Trading of Schwab Fundamental U.S. Broad Market Index ETF

Institutional investors have recently bought and sold shares of the stock. Financial Consulate Inc. grew its stake in Schwab Fundamental U.S. Broad Market Index ETF by 0.8% during the third quarter. Financial Consulate Inc. now owns 553,625 shares of the company’s stock worth $38,959,000 after buying an additional 4,435 shares during the last quarter. Systelligence LLC boosted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 1.6% in the 3rd quarter. Systelligence LLC now owns 201,315 shares of the company’s stock worth $14,167,000 after acquiring an additional 3,213 shares in the last quarter. Sound Stewardship LLC boosted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 1.1% in the 3rd quarter. Sound Stewardship LLC now owns 198,159 shares of the company’s stock worth $13,944,000 after acquiring an additional 2,151 shares in the last quarter. Opes Wealth Management LLC grew its position in Schwab Fundamental U.S. Broad Market Index ETF by 0.8% during the 3rd quarter. Opes Wealth Management LLC now owns 170,538 shares of the company’s stock worth $12,001,000 after acquiring an additional 1,385 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 5.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 163,612 shares of the company’s stock valued at $10,730,000 after purchasing an additional 8,664 shares in the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Company 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.