Ameriprise Financial Inc. Raises Stock Holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Ameriprise Financial Inc. boosted its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 210.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 355,075 shares of the company’s stock after purchasing an additional 240,726 shares during the period. Ameriprise Financial Inc. owned about 3.11% of Schwab Fundamental U.S. Broad Market Index ETF worth $8,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FNDB. Allworth Financial LP raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 269.0% during the 4th quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock worth $27,000 after purchasing an additional 807 shares during the period. Ancora Advisors LLC raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the 4th quarter. Ancora Advisors LLC now owns 1,350 shares of the company’s stock worth $31,000 after purchasing an additional 900 shares during the period. Pflug Koory LLC raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the 4th quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock worth $33,000 after purchasing an additional 938 shares during the period. NewEdge Advisors LLC raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the 4th quarter. NewEdge Advisors LLC now owns 1,923 shares of the company’s stock worth $45,000 after purchasing an additional 1,282 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter worth approximately $31,000.

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

FNDB opened at $23.41 on Wednesday. Schwab Fundamental U.S. Broad Market Index ETF has a 12 month low of $19.95 and a 12 month high of $24.73. The stock has a market cap of $908.31 million, a P/E ratio of 18.71 and a beta of 0.96. The stock’s 50 day moving average price is $22.38 and its 200 day moving average price is $23.37.

Schwab Fundamental U.S. Broad Market Index 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.