Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Trading Down 0.5% – Here’s What Happened

Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) traded down 0.5% during trading on Thursday . The company traded as low as $24.07 and last traded at $24.09. 89,899 shares were traded during mid-day trading, a decline of 1% from the average session volume of 90,655 shares. The stock had previously closed at $24.22.

Schwab Fundamental U.S. Broad Market Index ETF Price Performance

The stock has a market cap of $272.69 million, a price-to-earnings ratio of 17.65 and a beta of 0.86. The firm has a 50 day simple moving average of $23.46 and a two-hundred day simple moving average of $22.58.

Hedge Funds Weigh In On Schwab Fundamental U.S. Broad Market Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glass Jacobson Investment Advisors llc raised its stake in Schwab Fundamental U.S. Broad Market Index ETF by 515.7% in the third quarter. Glass Jacobson Investment Advisors llc now owns 3,405 shares of the company’s stock valued at $240,000 after purchasing an additional 2,852 shares in the last quarter. Stifel Financial Corp raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 24.0% in the 3rd quarter. Stifel Financial Corp now owns 4,895 shares of the company’s stock valued at $344,000 after buying an additional 946 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 220,509 shares of the company’s stock worth $15,518,000 after acquiring an additional 2,903 shares during the period. FMR LLC boosted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 139.6% during the 3rd quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after acquiring an additional 849 shares in the last quarter. Finally, Systelligence LLC raised its position in Schwab Fundamental U.S. Broad Market Index ETF by 1.6% during the third quarter. Systelligence LLC now owns 201,315 shares of the company’s stock valued at $14,167,000 after purchasing an additional 3,213 shares in the last quarter.

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.