Schwab Fundamental U.S. Broad Market ETF $FNDB Shares Sold by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV lessened its holdings in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 47.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,420 shares of the company’s stock after selling 61,631 shares during the quarter. Townsend Asset Management Corp NC ADV owned 0.17% of Schwab Fundamental U.S. Broad Market ETF worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Modern Wealth Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the first quarter valued at approximately $276,000. Raymond James Financial Inc. lifted its holdings in Schwab Fundamental U.S. Broad Market ETF by 6.1% in the first quarter. Raymond James Financial Inc. now owns 445,799 shares of the company’s stock valued at $10,258,000 after acquiring an additional 25,602 shares during the period. AlphaCore Capital LLC lifted its holdings in Schwab Fundamental U.S. Broad Market ETF by 106,368.7% in the second quarter. AlphaCore Capital LLC now owns 1,293,595 shares of the company’s stock valued at $31,020,000 after acquiring an additional 1,292,380 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the 2nd quarter worth $1,087,000. Finally, Centurion Wealth Management LLC acquired a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter worth $2,213,000.

Schwab Fundamental U.S. Broad Market ETF Price Performance

Shares of FNDB opened at $26.83 on Friday. Schwab Fundamental U.S. Broad Market ETF has a 52-week low of $19.94 and a 52-week high of $26.96. The company has a 50-day simple moving average of $26.23 and a 200-day simple moving average of $25.27. The company has a market capitalization of $1.04 billion, a PE ratio of 17.81 and a beta of 0.94.

Schwab Fundamental U.S. Broad Market 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.