Schwab Fundamental U.S. Broad Market ETF $FNDB Shares Bought by Carnegie Investment Counsel

Carnegie Investment Counsel raised its stake in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 149.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,344 shares of the company’s stock after buying an additional 25,345 shares during the quarter. Carnegie Investment Counsel owned approximately 0.10% of Schwab Fundamental U.S. Broad Market ETF worth $1,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valmark Advisers Inc. raised its stake in Schwab Fundamental U.S. Broad Market ETF by 167.7% during the fourth quarter. Valmark Advisers Inc. now owns 40,148 shares of the company’s stock worth $1,067,000 after purchasing an additional 25,148 shares during the period. Family Capital Management Inc. grew its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 64.6% in the 4th quarter. Family Capital Management Inc. now owns 92,660 shares of the company’s stock valued at $2,462,000 after buying an additional 36,377 shares during the period. Opes Wealth Management LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 3.0% in the 3rd quarter. Opes Wealth Management LLC now owns 723,173 shares of the company’s stock valued at $18,614,000 after buying an additional 21,370 shares during the period. BFI Wealth Solutions LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the 4th quarter valued at approximately $508,000. Finally, Marble Wealth LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the 4th quarter worth approximately $838,000.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

FNDB stock opened at $30.77 on Tuesday. The firm has a market cap of $1.39 billion, a PE ratio of 17.81 and a beta of 0.88. The firm’s 50 day moving average price is $30.19 and its 200-day moving average price is $28.63. Schwab Fundamental U.S. Broad Market ETF has a one year low of $23.72 and a one year high of $30.89.

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.