Townsend Asset Management Corp NC ADV Purchases 92,385 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Townsend Asset Management Corp NC ADV raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 181.2% in the fourth quarter, HoldingsChannel reports. The fund owned 143,384 shares of the company’s stock after acquiring an additional 92,385 shares during the period. Schwab Fundamental U.S. Broad Market Index ETF accounts for approximately 1.2% of Townsend Asset Management Corp NC ADV’s investment portfolio, making the stock its 25th largest holding. Townsend Asset Management Corp NC ADV’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $3,335,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Winthrop Advisory Group LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the third quarter valued at approximately $211,000. Systelligence LLC raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 1.6% in the third quarter. Systelligence LLC now owns 201,315 shares of the company’s stock valued at $14,167,000 after buying an additional 3,213 shares in the last quarter. FMR LLC raised its position 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 valued at $103,000 after buying an additional 849 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 1.3% in the third quarter. HighTower Advisors LLC now owns 220,509 shares of the company’s stock valued at $15,518,000 after buying an additional 2,903 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 24.0% in the third quarter. Stifel Financial Corp now owns 4,895 shares of the company’s stock valued at $344,000 after buying an additional 946 shares in the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Trading Up 0.7 %

NYSEARCA FNDB opened at $23.51 on Thursday. Schwab Fundamental U.S. Broad Market Index ETF has a 1-year low of $20.83 and a 1-year high of $24.73. The company has a 50 day moving average of $23.87 and a 200-day moving average of $23.66. The company has a market cap of $894.56 million, a price-to-earnings ratio of 19.46 and a beta of 1.02.

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.