Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Sees Strong Trading Volume

Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) shares saw strong trading volume on Tuesday . 50,445 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 30,023 shares.The stock last traded at $69.56 and had previously closed at $69.07.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 0.2 %

The business’s 50 day moving average price is $67.51 and its 200-day moving average price is $65.84. The company has a market cap of $788.99 million, a PE ratio of 17.65 and a beta of 0.86.

Institutional Investors Weigh In On Schwab Fundamental U.S. Broad Market Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 9.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 133,709 shares of the company’s stock valued at $8,170,000 after acquiring an additional 10,989 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter valued at approximately $93,000. Foster Group Inc. increased its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 10.0% during the 1st quarter. Foster Group Inc. now owns 20,197 shares of the company’s stock worth $1,338,000 after purchasing an additional 1,834 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 5.0% in the 1st quarter. AdvisorNet Financial Inc now owns 12,938 shares of the company’s stock valued at $857,000 after purchasing an additional 611 shares in the last quarter. Finally, Mezzasalma Advisors LLC boosted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 385.4% during the 1st quarter. Mezzasalma Advisors LLC now owns 27,506 shares of the company’s stock valued at $1,823,000 after buying an additional 21,839 shares during the last quarter.

About Schwab Fundamental U.S. Broad Market Index 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.