James Investment Research Inc. Buys 41,612 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

James Investment Research Inc. raised its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 273.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 56,809 shares of the company’s stock after purchasing an additional 41,612 shares during the period. James Investment Research Inc.’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $1,321,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 269.0% during the fourth quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock valued at $27,000 after purchasing an additional 807 shares during the period. Pflug Koory LLC grew its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock valued at $33,000 after purchasing an additional 938 shares during the period. FMR LLC grew its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 139.6% during the third quarter. FMR LLC now owns 1,457 shares of the company’s stock valued at $103,000 after purchasing an additional 849 shares during the period. Winthrop Advisory Group LLC bought a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the third quarter valued at about $211,000. Finally, Glass Jacobson Investment Advisors llc boosted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 515.7% in the third quarter. Glass Jacobson Investment Advisors llc now owns 3,405 shares of the company’s stock worth $240,000 after acquiring an additional 2,852 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Stock Down 0.0 %

NYSEARCA FNDB opened at $24.31 on Friday. The firm has a market cap of $277.13 million, a price-to-earnings ratio of 17.65 and a beta of 0.86. The business has a 50-day moving average price of $23.79 and a 200-day moving average price of $23.49. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $20.75 and a twelve month high of $24.73.

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.