Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Shares Bought by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 385.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 27,506 shares of the company’s stock after purchasing an additional 21,839 shares during the period. Schwab Fundamental U.S. Broad Market Index ETF makes up about 0.9% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Mezzasalma Advisors LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $1,823,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FNDB. Kaizen Financial Strategies lifted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 0.8% in the 4th quarter. Kaizen Financial Strategies now owns 20,172 shares of the company’s stock worth $1,233,000 after acquiring an additional 169 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 5.0% during the first quarter. AdvisorNet Financial Inc now owns 12,938 shares of the company’s stock worth $857,000 after purchasing an additional 611 shares during the last quarter. Cozad Asset Management Inc. boosted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 6.7% in the 4th quarter. Cozad Asset Management Inc. now owns 10,053 shares of the company’s stock valued at $614,000 after buying an additional 634 shares in the last quarter. Clarius Group LLC boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 3.0% in the fourth quarter. Clarius Group LLC now owns 27,713 shares of the company’s stock valued at $1,693,000 after acquiring an additional 805 shares in the last quarter. Finally, Opes Wealth Management LLC boosted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 0.7% in the 4th quarter. Opes Wealth Management LLC now owns 165,971 shares of the company’s stock valued at $10,141,000 after purchasing an additional 1,226 shares during the period.

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

FNDB remained flat at $65.80 on Thursday. The company’s stock had a trading volume of 14,816 shares, compared to its average volume of 30,076. Schwab Fundamental U.S. Broad Market Index ETF has a 12-month low of $52.39 and a 12-month high of $66.46. The firm has a market cap of $750.06 million, a PE ratio of 17.65 and a beta of 0.86. The stock’s 50-day moving average is $65.24 and its 200 day moving average is $63.64.

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.