Quantinno Capital Management LP purchased a new position in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 50,957 shares of the company’s stock, valued at approximately $1,386,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the third quarter worth $26,000. Geneos Wealth Management Inc. grew its stake in Schwab Fundamental U.S. Broad Market ETF by 3,140.7% in the first quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock valued at $64,000 after purchasing an additional 2,701 shares in the last quarter. Larson Financial Group LLC increased its position in Schwab Fundamental U.S. Broad Market ETF by 23.5% in the 3rd quarter. Larson Financial Group LLC now owns 3,088 shares of the company’s stock worth $79,000 after purchasing an additional 588 shares during the last quarter. Elevated Capital Advisors LLC acquired a new position in Schwab Fundamental U.S. Broad Market ETF in the 4th quarter worth about $86,000. Finally, Composition Wealth LLC acquired a new position in Schwab Fundamental U.S. Broad Market ETF in the 4th quarter worth about $227,000.
Schwab Fundamental U.S. Broad Market ETF Price Performance
FNDB opened at $31.89 on Friday. The company has a market capitalization of $1.47 billion, a PE ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a fifty-two week low of $24.63 and a fifty-two week high of $31.93. The business has a 50-day moving average of $30.75 and a 200-day moving average of $29.27.
Schwab Fundamental U.S. Broad Market 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.
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