AlphaCore Capital LLC Increases Holdings in Schwab Fundamental U.S. Broad Market ETF $FNDB

AlphaCore Capital LLC boosted its position in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 106,368.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,293,595 shares of the company’s stock after purchasing an additional 1,292,380 shares during the period. Schwab Fundamental U.S. Broad Market ETF comprises 1.2% of AlphaCore Capital LLC’s investment portfolio, making the stock its 20th biggest position. AlphaCore Capital LLC owned approximately 3.33% of Schwab Fundamental U.S. Broad Market ETF worth $31,020,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. grew its holdings in Schwab Fundamental U.S. Broad Market ETF by 55.6% in the first quarter. Avantax Advisory Services Inc. now owns 20,656 shares of the company’s stock valued at $475,000 after purchasing an additional 7,378 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the 1st quarter worth about $373,000. BCGM Wealth Management LLC acquired a new stake in Schwab Fundamental U.S. Broad Market ETF in the 1st quarter valued at about $786,000. Cheviot Value Management LLC purchased a new position in Schwab Fundamental U.S. Broad Market ETF during the 1st quarter valued at about $90,000. Finally, Total Investment Management Inc. raised its position in Schwab Fundamental U.S. Broad Market ETF by 12.1% during the first quarter. Total Investment Management Inc. now owns 19,322 shares of the company’s stock worth $445,000 after acquiring an additional 2,083 shares during the last quarter.

Schwab Fundamental U.S. Broad Market ETF Price Performance

Shares of NYSEARCA FNDB opened at $25.67 on Friday. The firm’s 50-day moving average is $25.77 and its two-hundred day moving average is $24.66. The company has a market capitalization of $996.00 million, a PE ratio of 17.81 and a beta of 0.94. Schwab Fundamental U.S. Broad Market ETF has a 12-month low of $19.94 and a 12-month high of $26.35.

Schwab Fundamental U.S. Broad Market ETF Company 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.