Avantax Advisory Services Inc. Purchases 7,378 Shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB)

Avantax Advisory Services Inc. increased its position in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 55.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,656 shares of the company’s stock after buying an additional 7,378 shares during the quarter. Avantax Advisory Services Inc. owned 0.05% of Schwab Fundamental U.S. Broad Market ETF worth $475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FNDB. Opes Wealth Management LLC increased its position in shares of Schwab Fundamental U.S. Broad Market ETF by 22.3% in the first quarter. Opes Wealth Management LLC now owns 634,586 shares of the company’s stock valued at $14,602,000 after acquiring an additional 115,761 shares during the last quarter. James Investment Research Inc. grew its stake in Schwab Fundamental U.S. Broad Market ETF by 19.4% in the first quarter. James Investment Research Inc. now owns 67,824 shares of the company’s stock valued at $1,561,000 after purchasing an additional 11,015 shares in the last quarter. Larson Financial Group LLC bought a new position in Schwab Fundamental U.S. Broad Market ETF in the first quarter valued at approximately $44,000. Family Capital Management Inc. acquired a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the 1st quarter worth approximately $456,000. Finally, Capital Investment Advisory Services LLC raised its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 4.9% during the 1st quarter. Capital Investment Advisory Services LLC now owns 17,549 shares of the company’s stock worth $404,000 after purchasing an additional 824 shares in the last quarter.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

Shares of FNDB stock opened at $24.08 on Wednesday. Schwab Fundamental U.S. Broad Market ETF has a 52-week low of $19.94 and a 52-week high of $24.73. The stock has a market cap of $933.10 million, a price-to-earnings ratio of 17.81 and a beta of 1.02. The firm’s 50-day moving average is $23.89 and its 200-day moving average is $23.35.

About Schwab Fundamental U.S. Broad Market ETF

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.