Sequoia Financial Advisors LLC Acquires Shares of 4,791 Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Sequoia Financial Advisors LLC bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,791 shares of the company’s stock, valued at approximately $293,000.

Other hedge funds have also modified their holdings of the company. AlphaCore Capital LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter worth $50,000. PNC Financial Services Group Inc. acquired a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth about $68,000. Planned Solutions Inc. purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth about $94,000. Patriot Investment Management Group Inc. acquired a new position in Schwab Fundamental U.S. Broad Market Index ETF in the 4th quarter valued at about $106,000. Finally, Harbour Investments Inc. grew its stake 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 valued at $125,000 after buying an additional 2,225 shares during the period.

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

FNDB stock opened at $62.98 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a one year low of $52.39 and a one year high of $66.32. The firm has a market cap of $585.71 million, a PE ratio of 15.75 and a beta of 1.02. The firm’s 50 day moving average price is $64.07 and its 200-day moving average price is $60.26.

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.