Modern Wealth Management LLC Makes New $276,000 Investment in Schwab Fundamental U.S. Broad Market ETF $FNDB

Modern Wealth Management LLC bought a new position in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,006 shares of the company’s stock, valued at approximately $276,000.

A number of other institutional investors have also recently made changes to their positions in FNDB. Bank of America Corp DE boosted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 1,284.9% during the fourth quarter. Bank of America Corp DE now owns 414,938 shares of the company’s stock valued at $9,651,000 after purchasing an additional 384,977 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 210.5% during the fourth quarter. Ameriprise Financial Inc. now owns 355,075 shares of the company’s stock valued at $8,253,000 after purchasing an additional 240,726 shares during the period. Opes Wealth Management LLC boosted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 22.3% during the first quarter. Opes Wealth Management LLC now owns 634,586 shares of the company’s stock valued at $14,602,000 after purchasing an additional 115,761 shares during the period. Jane Street Group LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the first quarter valued at approximately $1,163,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 6.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 611,814 shares of the company’s stock valued at $14,078,000 after purchasing an additional 35,621 shares during the period.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

NYSEARCA:FNDB opened at $25.56 on Tuesday. The firm has a market cap of $994.28 million, a PE ratio of 17.81 and a beta of 1.02. Schwab Fundamental U.S. Broad Market ETF has a fifty-two week low of $19.94 and a fifty-two week high of $25.64. The business has a 50 day moving average price of $24.71 and a 200-day moving average price of $23.51.

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.