Channel Wealth LLC lifted its position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB – Free Report) by 200.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,710 shares of the company’s stock after buying an additional 25,140 shares during the period. Channel Wealth LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $877,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc lifted its position in Schwab Fundamental U.S. Broad Market Index ETF by 252.2% in 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 in the last quarter. FMR LLC raised its stake in shares of 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 purchasing an additional 849 shares during the last quarter. Centaurus Financial Inc. purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the second quarter worth $142,000. Winthrop Advisory Group LLC bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the third quarter valued at $211,000. Finally, Values Added Financial LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the third quarter valued at $331,000.
Schwab Fundamental U.S. Broad Market Index ETF Stock Performance
Shares of NYSEARCA:FNDB opened at $23.73 on Friday. The firm has a market cap of $270.52 million, a price-to-earnings ratio of 17.65 and a beta of 0.86. The business has a 50-day simple moving average of $23.88 and a two-hundred day simple moving average of $23.21. 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.
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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