Ancora Advisors LLC Purchases 900 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Ancora Advisors LLC lifted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 200.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350 shares of the company’s stock after purchasing an additional 900 shares during the period. Ancora Advisors LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $31,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FNDB. Aptus Capital Advisors LLC bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter valued at approximately $137,000. Lido Advisors LLC increased its position in Schwab Fundamental U.S. Broad Market Index ETF by 201.0% in the fourth quarter. Lido Advisors LLC now owns 12,806 shares of the company’s stock worth $298,000 after buying an additional 8,551 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 174.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 54,096 shares of the company’s stock valued at $1,258,000 after buying an additional 34,374 shares during the period. Keyvantage Wealth LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter valued at $337,000. Finally, Stifel Financial Corp grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 198.6% during the 4th quarter. Stifel Financial Corp now owns 14,615 shares of the company’s stock worth $340,000 after acquiring an additional 9,720 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 0.8 %

NYSEARCA FNDB opened at $22.60 on Friday. The company has a market cap of $870.10 million, a PE ratio of 18.38 and a beta of 0.96. 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’s 50-day simple moving average is $22.36 and its two-hundred day simple moving average is $23.38.

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

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

Schwab Fundamental U.S. Broad Market Index ETF Company 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.