Santori & Peters Inc. Makes New $2.89 Million Investment in Schwab Fundamental U.S. Broad Market ETF $FNDB

Santori & Peters Inc. purchased a new stake in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) in the 3rd quarter, Holdings Channel reports. The firm purchased 94,538 shares of the company’s stock, valued at approximately $2,894,000. Schwab Fundamental U.S. Broad Market ETF makes up 0.8% of Santori & Peters Inc.’s portfolio, making the stock its 14th largest position.

Several other institutional investors also recently made changes to their positions in the stock. Blume Capital Management Inc. acquired a new stake in Schwab Fundamental U.S. Broad Market ETF during the third quarter worth about $31,000. Sunbelt Securities Inc. lifted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 50.0% in the 1st quarter. Sunbelt Securities Inc. now owns 1,500 shares of the company’s stock valued at $41,000 after purchasing an additional 500 shares in the last quarter. Signaturefd LLC acquired a new position in shares of Schwab Fundamental U.S. Broad Market ETF in the 3rd quarter valued at about $71,000. Valley National Advisers Inc. purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter worth about $190,000. Finally, AdvisorNet Financial Inc purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter worth about $238,000.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

Shares of NYSEARCA:FNDB opened at $31.73 on Tuesday. Schwab Fundamental U.S. Broad Market ETF has a 1 year low of $25.21 and a 1 year high of $32.03. The stock has a 50-day simple moving average of $31.42 and a 200-day simple moving average of $29.69. The stock has a market capitalization of $1.50 billion, a P/E ratio of 17.81 and a beta of 0.88.

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.