MorganRosel Wealth Management LLC Raises Stock Position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

MorganRosel Wealth Management LLC grew its stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 199.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,979 shares of the company’s stock after purchasing an additional 25,283 shares during the quarter. MorganRosel Wealth Management LLC owned about 0.33% of Schwab Fundamental U.S. Broad Market Index ETF worth $883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP grew its stake in Schwab Fundamental U.S. Broad Market Index ETF by 269.0% in the fourth quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock worth $27,000 after purchasing an additional 807 shares during the period. Pflug Koory LLC raised its stake 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 buying an additional 938 shares during the last quarter. Tanglewood Legacy Advisors LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter worth $97,000. FMR LLC increased its holdings in shares of 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 acquiring an additional 849 shares in the last quarter. Finally, Valley National Advisers Inc. raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 165.7% in the 4th quarter. Valley National Advisers Inc. now owns 6,276 shares of the company’s stock worth $145,000 after purchasing an additional 3,914 shares during the last quarter.

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

Shares of Schwab Fundamental U.S. Broad Market Index ETF stock opened at $24.02 on Tuesday. Schwab Fundamental U.S. Broad Market Index ETF has a 1 year low of $20.83 and a 1 year high of $24.73. The firm’s 50-day moving average is $23.81 and its 200 day moving average is $23.58. The stock has a market cap of $273.83 million, a price-to-earnings ratio of 17.65 and a beta of 0.86.

Schwab Fundamental U.S. Broad Market Index ETF 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.