Sound Stewardship LLC Has $12.85 Million Holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Sound Stewardship LLC raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 196,008 shares of the company’s stock after purchasing an additional 340 shares during the quarter. Schwab Fundamental U.S. Broad Market Index ETF makes up about 7.8% of Sound Stewardship LLC’s investment portfolio, making the stock its 2nd largest position. Sound Stewardship LLC owned approximately 1.72% of Schwab Fundamental U.S. Broad Market Index ETF worth $12,854,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the second quarter worth $40,000. Pineridge Advisors LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth $93,000. Foster & Motley Inc. bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth $205,000. Great Valley Advisor Group Inc. bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth $307,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the second quarter worth $310,000.

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

Shares of FNDB stock traded up $0.88 on Friday, reaching $68.96. 15,331 shares of the stock were exchanged, compared to its average volume of 29,982. The stock has a market cap of $786.14 million, a PE ratio of 17.65 and a beta of 0.86. Schwab Fundamental U.S. Broad Market Index ETF has a one year low of $52.39 and a one year high of $68.97. The stock has a 50 day moving average price of $66.66 and a 200 day moving average price of $65.15.

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.