Farther Finance Advisors LLC Acquires 4,298 Shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB)

Farther Finance Advisors LLC grew its holdings in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 51.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,603 shares of the company’s stock after buying an additional 4,298 shares during the period. Farther Finance Advisors LLC’s holdings in Schwab Fundamental U.S. Broad Market ETF were worth $290,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC raised its position in Schwab Fundamental U.S. Broad Market ETF by 199.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,789 shares of the company’s stock worth $135,000 after buying an additional 3,859 shares during the last quarter. Bank of America Corp DE raised its position in Schwab Fundamental U.S. Broad Market ETF by 1,284.9% in the 4th quarter. Bank of America Corp DE now owns 414,938 shares of the company’s stock worth $9,651,000 after buying an additional 384,977 shares during the last quarter. Allworth Financial LP raised its position 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 during the last quarter. NewEdge Advisors LLC raised its position in 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 worth $45,000 after buying an additional 1,282 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Schwab Fundamental U.S. Broad Market ETF by 200.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,900 shares of the company’s stock worth $230,000 after buying an additional 6,600 shares during the last quarter.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

Shares of NYSEARCA:FNDB opened at $23.40 on Wednesday. Schwab Fundamental U.S. Broad Market ETF has a fifty-two week low of $19.95 and a fifty-two week high of $24.73. The business has a 50-day simple moving average of $22.67 and a two-hundred day simple moving average of $23.24. The firm has a market cap of $904.41 million, a price-to-earnings ratio of 18.71 and a beta of 0.95.

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.