Bank of America Corp DE Grows Holdings in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB)

Bank of America Corp DE grew its stake in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 1,284.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,938 shares of the company’s stock after buying an additional 384,977 shares during the period. Bank of America Corp DE owned approximately 3.64% of Schwab Fundamental U.S. Broad Market ETF worth $9,651,000 at the end of the most recent reporting period.

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

Schwab Fundamental U.S. Broad Market ETF Stock Performance

Shares of Schwab Fundamental U.S. Broad Market ETF stock opened at $22.81 on Friday. Schwab Fundamental U.S. Broad Market ETF has a 52-week low of $19.95 and a 52-week high of $24.73. The stock has a market capitalization of $885.03 million, a price-to-earnings ratio of 18.71 and a beta of 0.96. The company has a fifty day moving average of $22.37 and a 200-day moving average of $23.36.

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.