Mariner LLC Grows Stock Position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Mariner LLC lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 239.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,740 shares of the company’s stock after buying an additional 35,812 shares during the quarter. Mariner LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $1,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FNDB. CIBC Private Wealth Group LLC boosted its position in Schwab Fundamental U.S. Broad Market Index ETF by 199.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,789 shares of the company’s stock worth $135,000 after purchasing an additional 3,859 shares in the last quarter. Stifel Financial Corp boosted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 24.0% during the third quarter. Stifel Financial Corp now owns 4,895 shares of the company’s stock worth $344,000 after buying an additional 946 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 10,860 shares of the company’s stock valued at $253,000 after buying an additional 7,240 shares during the period. Allworth Financial LP increased its holdings in Schwab Fundamental U.S. Broad Market Index 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 buying an additional 807 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,900 shares of the company’s stock worth $230,000 after acquiring an additional 6,600 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Stock Down 0.0 %

FNDB stock opened at $22.11 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a 52-week low of $19.95 and a 52-week high of $24.73. The firm has a market cap of $847.92 million, a P/E ratio of 16.66 and a beta of 0.96. The company’s 50-day simple moving average is $22.66 and its 200-day simple moving average is $23.46.

Schwab Fundamental U.S. Broad Market Index ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.0984 per share. The ex-dividend date was Wednesday, March 26th.

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.