Founders Financial Securities LLC Buys New Position in Schwab Fundamental U.S. Broad Market ETF $FNDB

Founders Financial Securities LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) during the third quarter, HoldingsChannel.com reports. The fund bought 62,197 shares of the company’s stock, valued at approximately $1,904,000.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 296,599 shares of the company’s stock worth $9,034,000 after acquiring an additional 18,829 shares during the last quarter. Sigma Planning Corp purchased a new position in Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter valued at $8,401,000. Kaizen Financial Strategies grew its position in Schwab Fundamental U.S. Broad Market ETF by 22.8% in the 3rd quarter. Kaizen Financial Strategies now owns 244,801 shares of the company’s stock valued at $7,493,000 after acquiring an additional 45,463 shares during the last quarter. James Investment Research Inc. grew its position in Schwab Fundamental U.S. Broad Market ETF by 1.6% in the 3rd quarter. James Investment Research Inc. now owns 130,709 shares of the company’s stock valued at $4,001,000 after acquiring an additional 2,120 shares during the last quarter. Finally, Carnegie Investment Counsel purchased a new stake in Schwab Fundamental U.S. Broad Market ETF in the third quarter worth $3,164,000.

Schwab Fundamental U.S. Broad Market ETF Stock Down 0.6%

FNDB stock opened at $31.78 on Friday. Schwab Fundamental U.S. Broad Market ETF has a twelve month low of $25.21 and a twelve month high of $32.03. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 17.81 and a beta of 0.88. The business’s fifty day simple moving average is $31.43 and its two-hundred day simple moving average is $29.80.

About Schwab Fundamental U.S. Broad Market 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.