Farther Finance Advisors LLC Boosts Position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Farther Finance Advisors LLC increased its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 200.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,305 shares of the company’s stock after acquiring an additional 5,545 shares during the quarter. Farther Finance Advisors LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $193,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 269.0% during the fourth quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock worth $27,000 after purchasing an additional 807 shares during the last quarter. Pflug Koory LLC lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock worth $33,000 after purchasing an additional 938 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,468 shares of the company’s stock worth $81,000 after buying an additional 2,312 shares during the period. Tanglewood Legacy Advisors LLC acquired a new position in Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth approximately $97,000. Finally, FMR LLC increased its position in Schwab Fundamental U.S. Broad Market Index ETF by 139.6% during 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 period.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 0.8 %

FNDB opened at $23.26 on Thursday. The firm has a market cap of $885.04 million, a price-to-earnings ratio of 19.46 and a beta of 1.02. Schwab Fundamental U.S. Broad Market Index ETF has a 52 week low of $20.83 and a 52 week high of $24.73. The business’s 50 day moving average is $23.80 and its two-hundred day moving average is $23.67.

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.