Quadrant Capital Group LLC Buys New Position in Schwab Fundamental U.S. Broad Market ETF $FNDB

Quadrant Capital Group LLC bought a new stake in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 43,944 shares of the company’s stock, valued at approximately $1,382,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of Schwab Fundamental U.S. Broad Market ETF by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 296,599 shares of the company’s stock valued at $9,034,000 after purchasing an additional 18,829 shares in the last quarter. Kaizen Financial Strategies grew its stake in Schwab Fundamental U.S. Broad Market ETF by 22.8% in the third quarter. Kaizen Financial Strategies now owns 244,801 shares of the company’s stock worth $7,493,000 after purchasing an additional 45,463 shares during the period. Carnegie Investment Counsel purchased a new stake in Schwab Fundamental U.S. Broad Market ETF in the third quarter worth $3,164,000. James Investment Research Inc. raised its holdings in Schwab Fundamental U.S. Broad Market ETF by 13.6% in the first quarter. James Investment Research Inc. now owns 109,943 shares of the company’s stock worth $2,990,000 after purchasing an additional 13,137 shares in the last quarter. Finally, Centurion Wealth Management LLC raised its holdings in Schwab Fundamental U.S. Broad Market ETF by 1.2% in the second quarter. Centurion Wealth Management LLC now owns 95,380 shares of the company’s stock worth $2,905,000 after purchasing an additional 1,120 shares in the last quarter.

Schwab Fundamental U.S. Broad Market ETF Trading Down 0.6%

Shares of Schwab Fundamental U.S. Broad Market ETF stock opened at $31.67 on Friday. The firm has a market capitalization of $1.50 billion, a P/E ratio of 17.81 and a beta of 0.88. The business has a fifty day simple moving average of $31.42 and a two-hundred day simple moving average of $30.56. Schwab Fundamental U.S. Broad Market ETF has a 12 month low of $25.21 and a 12 month high of $32.03.

Schwab Fundamental U.S. Broad Market 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.