Opes Wealth Management LLC Acquires 1,226 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Opes Wealth Management LLC increased its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,971 shares of the company’s stock after buying an additional 1,226 shares during the quarter. Schwab Fundamental U.S. Broad Market Index ETF comprises approximately 2.4% of Opes Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Opes Wealth Management LLC owned 1.78% of Schwab Fundamental U.S. Broad Market Index ETF worth $10,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FNDB. Modera Wealth Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter worth approximately $34,207,000. HighTower Advisors LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 6.3% during the 3rd quarter. HighTower Advisors LLC now owns 203,845 shares of the company’s stock worth $11,237,000 after purchasing an additional 12,023 shares during the period. Systelligence LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 8.8% during the 4th quarter. Systelligence LLC now owns 202,133 shares of the company’s stock worth $12,350,000 after purchasing an additional 16,351 shares during the period. Sound Stewardship LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 2.2% during the 4th quarter. Sound Stewardship LLC now owns 194,499 shares of the company’s stock worth $11,884,000 after purchasing an additional 4,224 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 28.3% during the 1st quarter. Royal Bank of Canada now owns 154,876 shares of the company’s stock worth $8,944,000 after purchasing an additional 34,144 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 0.1 %

Shares of NYSEARCA FNDB traded up $0.08 during midday trading on Thursday, reaching $62.74. 23,695 shares of the stock were exchanged, compared to its average volume of 33,787. The firm has a market cap of $583.48 million, a price-to-earnings ratio of 15.75 and a beta of 1.02. 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 firm has a 50-day simple moving average of $64.05 and a two-hundred day simple moving average of $60.19.

Schwab Fundamental U.S. Broad Market Index ETF 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.