Schwab Fundamental U.S. Broad Market ETF $FNDB Holdings Lowered by Sage Financial Management Group Inc.

Sage Financial Management Group Inc. trimmed its stake in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 39.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,605 shares of the company’s stock after selling 6,930 shares during the period. Sage Financial Management Group Inc.’s holdings in Schwab Fundamental U.S. Broad Market ETF were worth $254,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the second quarter valued at $27,000. AlphaCore Capital LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the first quarter valued at $28,000. Larson Financial Group LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the first quarter valued at $44,000. Tower View Wealth Management LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the first quarter valued at $55,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 3,140.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock valued at $64,000 after buying an additional 2,701 shares in the last quarter.

Schwab Fundamental U.S. Broad Market ETF Trading Up 0.5%

Shares of FNDB stock opened at $25.95 on Friday. Schwab Fundamental U.S. Broad Market ETF has a 1-year low of $19.94 and a 1-year high of $26.05. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 17.81 and a beta of 1.02. The stock’s fifty day simple moving average is $25.08 and its 200-day simple moving average is $23.76.

About Schwab Fundamental U.S. Broad Market 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.