Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Stake Decreased by 49 Wealth Management LLC

49 Wealth Management LLC trimmed its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 5.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,918 shares of the company’s stock after selling 217 shares during the quarter. 49 Wealth Management LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $259,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Nicholas Hoffman & Company LLC. grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 128.2% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 12,722 shares of the company’s stock worth $777,000 after purchasing an additional 7,147 shares in the last quarter. Raymond James & Associates increased its stake in Schwab Fundamental U.S. Broad Market Index ETF by 10.0% during the 4th quarter. Raymond James & Associates now owns 26,372 shares of the company’s stock valued at $1,611,000 after buying an additional 2,390 shares during the period. Foster & Motley Inc. acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the 4th quarter worth approximately $205,000. Sound Stewardship LLC boosted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 2.2% in the fourth quarter. Sound Stewardship LLC now owns 194,499 shares of the company’s stock valued at $11,884,000 after acquiring an additional 4,224 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 9.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 133,709 shares of the company’s stock worth $8,170,000 after purchasing an additional 10,989 shares in the last quarter.

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

Shares of FNDB stock traded up $0.40 during trading on Friday, hitting $67.28. 28,003 shares of the company were exchanged, compared to its average volume of 29,823. The business’s 50-day simple moving average is $65.58 and its 200 day simple moving average is $63.90. The firm has a market capitalization of $766.99 million, a price-to-earnings ratio of 17.65 and a beta of 0.86. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $52.39 and a twelve month high of $67.64.

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.