Ancora Advisors LLC Acquires 900 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Ancora Advisors LLC raised its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 200.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,350 shares of the company’s stock after acquiring an additional 900 shares during the period. Ancora Advisors LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $31,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 199.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,789 shares of the company’s stock worth $135,000 after purchasing an additional 3,859 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,860 shares of the company’s stock worth $253,000 after buying an additional 7,240 shares during the period. Allworth Financial LP lifted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 269.0% during the 4th quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock valued at $27,000 after buying an additional 807 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,900 shares of the company’s stock valued at $230,000 after acquiring an additional 6,600 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,923 shares of the company’s stock worth $45,000 after acquiring an additional 1,282 shares in the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Price Performance

Shares of NYSEARCA FNDB opened at $22.60 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a 1 year low of $19.95 and a 1 year high of $24.73. The firm has a fifty day moving average price of $22.36 and a 200-day moving average price of $23.38. The stock has a market cap of $870.10 million, a PE ratio of 18.38 and a beta of 0.96.

Schwab Fundamental U.S. Broad Market Index ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid a dividend of $0.0984 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

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.