Stratos Wealth Partners LTD. Invests $221,000 in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Stratos Wealth Partners LTD. acquired a new position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,620 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds have also recently made changes to their positions in the company. Zimmermann Investment Management & Planning LLC bought a new position in Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter valued at approximately $310,000. Kaizen Financial Strategies boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 0.8% during the fourth quarter. Kaizen Financial Strategies now owns 20,172 shares of the company’s stock valued at $1,233,000 after buying an additional 169 shares during the last quarter. First National Corp MA ADV boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 11.3% during the fourth quarter. First National Corp MA ADV now owns 24,772 shares of the company’s stock valued at $1,514,000 after buying an additional 2,510 shares during the last quarter. Planned Solutions Inc. bought a new position in Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter valued at approximately $94,000. Finally, Sound Stewardship LLC boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 2.2% during the fourth quarter. Sound Stewardship LLC now owns 194,499 shares of the company’s stock valued at $11,884,000 after buying an additional 4,224 shares during the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Trading Down 0.4 %

Shares of Schwab Fundamental U.S. Broad Market Index ETF stock opened at $62.96 on Wednesday. The stock has a 50 day moving average of $64.04 and a 200 day moving average of $60.17. Schwab Fundamental U.S. Broad Market Index ETF has a 12 month low of $52.39 and a 12 month high of $66.32. The firm has a market cap of $585.53 million, a PE ratio of 15.75 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.