Total Investment Management Inc. Has $401,000 Stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Total Investment Management Inc. lifted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 272.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,239 shares of the company’s stock after buying an additional 12,613 shares during the period. Total Investment Management Inc.’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $401,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Financial Consulate Inc. lifted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 0.8% in the third quarter. Financial Consulate Inc. now owns 553,625 shares of the company’s stock valued at $38,959,000 after buying an additional 4,435 shares during the period. Sound Stewardship LLC lifted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 1.1% in the third quarter. Sound Stewardship LLC now owns 198,159 shares of the company’s stock valued at $13,944,000 after buying an additional 2,151 shares during the period. Vanguard Capital Wealth Advisors lifted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 78.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 6,226 shares of the company’s stock valued at $438,000 after buying an additional 2,735 shares during the period. Nicholas Hoffman & Company LLC. lifted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 10.5% in the third quarter. Nicholas Hoffman & Company LLC. now owns 19,670 shares of the company’s stock valued at $1,384,000 after buying an additional 1,875 shares during the period. Finally, Values Added Financial LLC acquired a new position in Schwab Fundamental U.S. Broad Market Index ETF in the third quarter valued at approximately $331,000.

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

Shares of NYSEARCA FNDB opened at $24.31 on Monday. The company’s 50 day simple moving average is $23.79 and its 200 day simple moving average is $23.49. Schwab Fundamental U.S. Broad Market Index ETF has a fifty-two week low of $20.75 and a fifty-two week high of $24.73. The firm has a market capitalization of $277.13 million, a P/E ratio of 17.65 and a beta of 0.86.

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.