Lee Danner & Bass Inc. Invests $31,000 in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Lee Danner & Bass Inc. acquired a new position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,352 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cozad Asset Management Inc. increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 162.9% in the 4th quarter. Cozad Asset Management Inc. now owns 29,936 shares of the company’s stock worth $696,000 after purchasing an additional 18,551 shares in the last quarter. Signaturefd LLC increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.1% in the 4th quarter. Signaturefd LLC now owns 2,233 shares of the company’s stock worth $52,000 after purchasing an additional 1,489 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 201.4% in the 4th quarter. Harbour Investments Inc. now owns 7,348 shares of the company’s stock worth $171,000 after purchasing an additional 4,910 shares in the last quarter. Corient Private Wealth LLC increased its stake in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the 4th quarter. Corient Private Wealth LLC now owns 44,145 shares of the company’s stock worth $1,002,000 after buying an additional 29,428 shares in the last quarter. Finally, Blume Capital Management Inc. raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Blume Capital Management Inc. now owns 3,000 shares of the company’s stock valued at $70,000 after acquiring an additional 2,000 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Stock Down 0.3 %

NYSEARCA FNDB opened at $23.14 on Monday. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $20.83 and a twelve month high of $24.73. The business has a 50-day moving average price of $23.80 and a 200-day moving average price of $23.68. The firm has a market cap of $885.11 million, a price-to-earnings ratio of 18.58 and a beta of 1.02.

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.