Stratos Wealth Partners LTD. Invests $221,000 in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Stratos Wealth Partners LTD. bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) in the fourth quarter, Holdings Channel reports. The firm bought 3,620 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SeaCrest Wealth Management LLC boosted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 1.7% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,426 shares of the company’s stock valued at $850,000 after acquiring an additional 254 shares during the period. Sound Stewardship LLC boosted its holdings in 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 valued at $11,884,000 after acquiring an additional 4,224 shares during the period. Nicholas Hoffman & Company LLC. boosted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 18.8% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 5,575 shares of the company’s stock valued at $307,000 after acquiring an additional 883 shares during the period. Zimmermann Investment Management & Planning LLC purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter valued at about $310,000. Finally, James Investment Research Inc. boosted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 18.7% during the 3rd quarter. James Investment Research Inc. now owns 11,230 shares of the company’s stock valued at $619,000 after acquiring an additional 1,771 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Price Performance

Shares of Schwab Fundamental U.S. Broad Market Index ETF stock opened at $62.96 on Wednesday. The business has a 50-day moving average of $64.04 and a 200 day moving average of $60.17. Schwab Fundamental U.S. Broad Market Index ETF has a 12 month low of $52.39 and a 12 month high of $66.32. The stock has a market capitalization of $585.53 million, a price-to-earnings ratio of 15.75 and a beta of 1.02.

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.