Founders Financial Securities LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 62,197 shares of the company’s stock, valued at approximately $1,904,000. Founders Financial Securities LLC owned approximately 0.13% of Schwab Fundamental U.S. Broad Market ETF at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in FNDB. Ashton Thomas Securities LLC bought a new stake in Schwab Fundamental U.S. Broad Market ETF during the third quarter worth approximately $48,000. Santori & Peters Inc. purchased a new stake in Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter valued at $2,894,000. Blume Capital Management Inc. bought a new stake in Schwab Fundamental U.S. Broad Market ETF in the third quarter worth $31,000. Sigma Planning Corp bought a new stake in Schwab Fundamental U.S. Broad Market ETF in the third quarter worth $8,401,000. Finally, Valley National Advisers Inc. bought a new stake in Schwab Fundamental U.S. Broad Market ETF in the third quarter worth $190,000.
Schwab Fundamental U.S. Broad Market ETF Stock Down 0.6%
NYSEARCA FNDB opened at $31.78 on Friday. The company has a fifty day moving average of $31.43 and a two-hundred day moving average of $29.80. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a 52 week low of $25.21 and a 52 week high of $32.03.
Schwab Fundamental U.S. Broad Market 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.
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