Raymond James & Associates Buys 2,390 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Raymond James & Associates lifted its stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,372 shares of the company’s stock after purchasing an additional 2,390 shares during the period. Raymond James & Associates’ holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $1,611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaCore Capital LLC bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the 3rd quarter worth $50,000. PNC Financial Services Group Inc. bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the 4th quarter worth $68,000. Patriot Investment Management Group Inc. bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the 4th quarter worth $106,000. Harbour Investments Inc. boosted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 5,056.8% in the 3rd quarter. Harbour Investments Inc. now owns 2,269 shares of the company’s stock worth $125,000 after purchasing an additional 2,225 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 48.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,439 shares of the company’s stock worth $128,000 after purchasing an additional 800 shares during the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 0.1 %

NYSEARCA:FNDB opened at $62.74 on Friday. 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 firm has a market capitalization of $583.48 million, a P/E ratio of 15.75 and a beta of 1.02. The stock’s fifty day simple moving average is $64.06 and its 200-day simple moving average is $60.20.

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.