JPMorgan Chase & Co. Decreases Stock Holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

JPMorgan Chase & Co. lowered its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,737 shares of the company’s stock after selling 998 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.19% of Schwab Fundamental U.S. Broad Market Index ETF worth $1,530,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FNDB. Foster Group Inc. boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 2.3% in the 3rd quarter. Foster Group Inc. now owns 21,435 shares of the company’s stock worth $1,508,000 after purchasing an additional 473 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 2.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 19,722 shares of the company’s stock valued at $1,388,000 after acquiring an additional 563 shares during the last quarter. Creative Planning boosted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 4.7% during the 2nd quarter. Creative Planning now owns 14,445 shares of the company’s stock valued at $947,000 after acquiring an additional 653 shares during the last quarter. FMR LLC lifted its position in Schwab Fundamental U.S. Broad Market Index ETF by 139.6% in the third quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after buying an additional 849 shares during the last quarter. Finally, James Investment Research Inc. lifted its position in Schwab Fundamental U.S. Broad Market Index ETF by 6.2% in the third quarter. James Investment Research Inc. now owns 15,197 shares of the company’s stock worth $1,069,000 after buying an additional 891 shares during the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 0.6 %

Shares of FNDB opened at $24.24 on Friday. The company has a market cap of $276.34 million, a PE ratio of 17.65 and a beta of 0.86. The business has a fifty day moving average of $23.86 and a 200 day moving average of $23.28. Schwab Fundamental U.S. Broad Market Index ETF has a 52-week low of $20.36 and a 52-week high of $24.73.

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.