BFI Wealth Solutions LLC acquired a new position in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,135 shares of the company’s stock, valued at approximately $508,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cowa LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the third quarter valued at about $2,591,000. Valmark Advisers Inc. raised its stake in Schwab Fundamental U.S. Broad Market ETF by 167.7% during the fourth quarter. Valmark Advisers Inc. now owns 40,148 shares of the company’s stock worth $1,067,000 after purchasing an additional 25,148 shares during the period. Family Capital Management Inc. raised its stake in Schwab Fundamental U.S. Broad Market ETF by 64.6% during the fourth quarter. Family Capital Management Inc. now owns 92,660 shares of the company’s stock worth $2,462,000 after purchasing an additional 36,377 shares during the period. Opes Wealth Management LLC boosted its holdings in Schwab Fundamental U.S. Broad Market ETF by 3.0% in the 3rd quarter. Opes Wealth Management LLC now owns 723,173 shares of the company’s stock valued at $18,614,000 after purchasing an additional 21,370 shares during the last quarter. Finally, Marble Wealth LLC acquired a new position in Schwab Fundamental U.S. Broad Market ETF in the 4th quarter valued at about $838,000.
Schwab Fundamental U.S. Broad Market ETF Price Performance
Schwab Fundamental U.S. Broad Market ETF stock opened at $30.37 on Friday. The firm has a 50 day simple moving average of $29.56 and a 200-day simple moving average of $28.17. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a 1-year low of $23.34 and a 1-year high of $30.86.
About Schwab Fundamental U.S. Broad Market 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.
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