Cowa LLC Buys Shares of 98,501 Schwab Fundamental U.S. Broad Market ETF $FNDB

Cowa LLC bought a new stake in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 98,501 shares of the company’s stock, valued at approximately $2,591,000.

Several other hedge funds have also recently modified their holdings of FNDB. Traub Capital Management LLC purchased a new position in Schwab Fundamental U.S. Broad Market ETF in the 2nd quarter valued at $25,000. AE Wealth Management LLC purchased a new position in Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter worth $29,000. Geneos Wealth Management Inc. lifted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 3,140.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock worth $64,000 after acquiring an additional 2,701 shares during the period. Allworth Financial LP boosted its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 108.0% in the second quarter. Allworth Financial LP now owns 2,935 shares of the company’s stock valued at $70,000 after acquiring an additional 1,524 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 348.2% in the third quarter. Ameritas Advisory Services LLC now owns 5,096 shares of the company’s stock valued at $131,000 after acquiring an additional 3,959 shares in the last quarter.

Schwab Fundamental U.S. Broad Market ETF Stock Down 1.1%

NYSEARCA FNDB opened at $28.14 on Tuesday. The stock has a market capitalization of $1.13 billion, a P/E ratio of 17.81 and a beta of 0.94. Schwab Fundamental U.S. Broad Market ETF has a 52-week low of $19.94 and a 52-week high of $28.70. The firm has a 50-day moving average price of $27.52 and a 200 day moving average price of $26.34.

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.