Cambridge Investment Research Advisors Inc. grew its position in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB – Free Report) by 6.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 611,814 shares of the company’s stock after purchasing an additional 35,621 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 1.60% of Schwab Fundamental U.S. Broad Market ETF worth $14,078,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of FNDB. Allworth Financial LP increased its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 269.0% in the fourth quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock valued at $27,000 after purchasing an additional 807 shares during the period. Wealthspire Advisors LLC increased its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 200.0% in the fourth quarter. Wealthspire Advisors LLC now owns 70,740 shares of the company’s stock valued at $1,645,000 after purchasing an additional 47,160 shares during the period. TruNorth Capital Management LLC increased its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 200.0% in the fourth quarter. TruNorth Capital Management LLC now owns 8,433 shares of the company’s stock valued at $196,000 after purchasing an additional 5,622 shares during the period. MorganRosel Wealth Management LLC increased its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 199.1% in the fourth quarter. MorganRosel Wealth Management LLC now owns 37,979 shares of the company’s stock valued at $883,000 after purchasing an additional 25,283 shares during the period. Finally, Brightwater Advisory LLC increased its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 182.7% in the fourth quarter. Brightwater Advisory LLC now owns 302,913 shares of the company’s stock valued at $7,046,000 after purchasing an additional 195,758 shares during the period.
Schwab Fundamental U.S. Broad Market ETF Stock Up 0.8%
Schwab Fundamental U.S. Broad Market ETF stock opened at $23.79 on Wednesday. The firm has a market cap of $919.48 million, a price-to-earnings ratio of 18.71 and a beta of 0.95. Schwab Fundamental U.S. Broad Market ETF has a 52 week low of $19.95 and a 52 week high of $24.73. The business’s 50-day moving average price is $22.86 and its 200 day moving average price is $23.20.
About Schwab Fundamental U.S. Broad Market 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.
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