Corient Private Wealth LLC reduced its stake in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB – Free Report) by 23.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 58,599 shares of the company’s stock after selling 18,236 shares during the quarter. Corient Private Wealth LLC’s holdings in Schwab Fundamental U.S. Broad Market ETF were worth $1,538,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Sunbelt Securities Inc. bought a new stake in Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter valued at $26,000. Geneos Wealth Management Inc. raised its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 3,140.7% in the first quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock valued at $64,000 after acquiring an additional 2,701 shares in the last quarter. Larson Financial Group LLC lifted its stake in Schwab Fundamental U.S. Broad Market ETF by 23.5% in the third quarter. Larson Financial Group LLC now owns 3,088 shares of the company’s stock worth $79,000 after acquiring an additional 588 shares during the period. Elevated Capital Advisors LLC purchased a new stake in Schwab Fundamental U.S. Broad Market ETF in the fourth quarter worth about $86,000. Finally, Kendall Capital Management bought a new position in Schwab Fundamental U.S. Broad Market ETF during the 4th quarter worth about $204,000.
Schwab Fundamental U.S. Broad Market ETF Stock Performance
NYSEARCA FNDB opened at $30.46 on Wednesday. The company’s 50-day simple moving average is $29.89 and its two-hundred day simple moving average is $28.38. Schwab Fundamental U.S. Broad Market ETF has a one year low of $23.72 and a one year high of $30.86. The company has a market capitalization 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 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.
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