LPL Financial LLC Cuts Stock Position in Schwab Fundamental U.S. Broad Market ETF $FNDB

LPL Financial LLC cut its holdings in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 51.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,654 shares of the company’s stock after selling 135,473 shares during the quarter. LPL Financial LLC owned 0.33% of Schwab Fundamental U.S. Broad Market ETF worth $2,891,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Schwab Fundamental U.S. Broad Market ETF by 137.5% during the fourth quarter. JPMorgan Chase & Co. now owns 51,630 shares of the company’s stock worth $1,201,000 after buying an additional 29,893 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 160.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 191,392 shares of the company’s stock valued at $4,452,000 after buying an additional 117,835 shares during the period. Mariner LLC raised its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 239.9% in the 4th quarter. Mariner LLC now owns 50,740 shares of the company’s stock valued at $1,180,000 after buying an additional 35,812 shares during the period. 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 valued at $45,000 after purchasing an additional 1,282 shares in the last quarter. Finally, MML Investors Services LLC raised its position in Schwab Fundamental U.S. Broad Market ETF by 216.1% in the 4th quarter. MML Investors Services LLC now owns 86,327 shares of the company’s stock valued at $2,008,000 after purchasing an additional 59,019 shares in the last quarter.

Schwab Fundamental U.S. Broad Market ETF Price Performance

FNDB stock opened at $24.76 on Monday. The firm has a market capitalization of $963.16 million, a P/E ratio of 17.81 and a beta of 1.02. The business’s 50-day moving average is $24.12 and its two-hundred day moving average is $23.36. Schwab Fundamental U.S. Broad Market ETF has a 1 year low of $19.94 and a 1 year high of $24.90.

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.