Stifel Financial Corp Boosts Holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Stifel Financial Corp lifted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 24.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,895 shares of the company’s stock after buying an additional 946 shares during the quarter. Stifel Financial Corp’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of FNDB. Nicholas Hoffman & Company LLC. lifted its position in Schwab Fundamental U.S. Broad Market Index ETF by 1.5% during the second quarter. Nicholas Hoffman & Company LLC. now owns 17,795 shares of the company’s stock valued at $1,167,000 after buying an additional 259 shares during the period. Foster & Motley Inc. increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 7.5% in the 2nd quarter. Foster & Motley Inc. now owns 3,907 shares of the company’s stock worth $256,000 after acquiring an additional 272 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its position in Schwab Fundamental U.S. Broad Market Index ETF by 252.2% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 553 shares of the company’s stock valued at $36,000 after acquiring an additional 396 shares during the period. Foster Group Inc. boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 2.3% during the third quarter. Foster Group Inc. now owns 21,435 shares of the company’s stock worth $1,508,000 after acquiring an additional 473 shares in the last quarter. Finally, Creative Planning grew its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 4.7% in the second quarter. Creative Planning now owns 14,445 shares of the company’s stock worth $947,000 after purchasing an additional 653 shares during the period.

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

Shares of NYSEARCA FNDB opened at $23.43 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a fifty-two week low of $19.88 and a fifty-two week high of $24.73. The company has a market capitalization of $267.10 million, a price-to-earnings ratio of 17.65 and a beta of 0.86. The company has a 50 day simple moving average of $23.93 and a two-hundred day simple moving average of $23.08.

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.