Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB – Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $23.67 and traded as high as $24.63. Schwab Fundamental U.S. Broad Market Index ETF shares last traded at $24.63, with a volume of 71,727 shares traded.
Schwab Fundamental U.S. Broad Market Index ETF Stock Performance
The stock has a market capitalization of $280.44 million, a PE ratio of 17.65 and a beta of 0.86. The business has a 50 day moving average of $23.70 and a two-hundred day moving average of $22.75.
Institutional Investors Weigh In On Schwab Fundamental U.S. Broad Market Index ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Brightwater Advisory LLC acquired a new position in Schwab Fundamental U.S. Broad Market Index ETF during the 2nd quarter valued at approximately $7,393,000. Mezzasalma Advisors LLC lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 77.8% during the 2nd quarter. Mezzasalma Advisors LLC now owns 48,896 shares of the company’s stock valued at $3,207,000 after acquiring an additional 21,390 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 202.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,896 shares of the company’s stock valued at $2,174,000 after acquiring an additional 20,673 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the third quarter. Chicago Partners Investment Group LLC now owns 22,029 shares of the company’s stock worth $1,550,000 after acquiring an additional 14,686 shares during the period. Finally, Fifth Third Securities Inc. acquired a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the 2nd quarter worth about $670,000.
About Schwab Fundamental U.S. Broad Market Index ETF
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.
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