Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Shares Set to Split on Friday, October 11th

Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) shares are going to split on Friday, October 11th. The 3-1 split was announced on Wednesday, September 25th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, October 10th.

Schwab Fundamental U.S. Broad Market Index ETF Trading Up 0.3 %

NYSEARCA:FNDB opened at $69.86 on Wednesday. The stock has a market capitalization of $796.40 million, a price-to-earnings ratio of 17.65 and a beta of 0.86. The firm has a fifty day simple moving average of $68.27 and a two-hundred day simple moving average of $66.43. Schwab Fundamental U.S. Broad Market Index ETF has a 12 month low of $52.39 and a 12 month high of $70.56.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Foster & Motley Inc. boosted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 7.5% during the second quarter. Foster & Motley Inc. now owns 3,907 shares of the company’s stock worth $256,000 after purchasing an additional 272 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF during the second quarter valued at approximately $310,000. Commonwealth Equity Services LLC grew its stake in Schwab Fundamental U.S. Broad Market Index ETF by 5.5% during the second quarter. Commonwealth Equity Services LLC now owns 23,150 shares of the company’s stock valued at $1,518,000 after acquiring an additional 1,212 shares in the last quarter. Hexagon Capital Partners LLC purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF during the second quarter valued at approximately $40,000. Finally, AdvisorNet Financial Inc grew its stake in Schwab Fundamental U.S. Broad Market Index ETF by 5.0% in the 1st quarter. AdvisorNet Financial Inc now owns 12,938 shares of the company’s stock worth $857,000 after buying an additional 611 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.