Sequoia Financial Advisors LLC Invests $293,000 in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Sequoia Financial Advisors LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,791 shares of the company’s stock, valued at approximately $293,000. Sequoia Financial Advisors LLC owned 0.05% of Schwab Fundamental U.S. Broad Market Index ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AlphaCore Capital LLC bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the 3rd quarter worth $50,000. PNC Financial Services Group Inc. purchased a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter valued at about $68,000. Planned Solutions Inc. bought a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth about $94,000. Patriot Investment Management Group Inc. purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the 4th quarter worth about $106,000. Finally, Harbour Investments Inc. increased its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 5,056.8% during the 3rd quarter. Harbour Investments Inc. now owns 2,269 shares of the company’s stock valued at $125,000 after purchasing an additional 2,225 shares during the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 0.4 %

Schwab Fundamental U.S. Broad Market Index ETF stock opened at $62.98 on Friday. The firm has a fifty day simple moving average of $64.07 and a two-hundred day simple moving average of $60.26. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $52.39 and a twelve month high of $66.32. The company has a market capitalization of $585.71 million, a PE ratio of 15.75 and a beta of 1.02.

About Schwab Fundamental U.S. Broad Market Index ETF

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.