Financial Consulate Inc. Lowers Stake in Schwab Fundamental U.S. Broad Market ETF $FNDB

Financial Consulate Inc. decreased its holdings in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 14.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,223,305 shares of the company’s stock after selling 199,520 shares during the period. Schwab Fundamental U.S. Broad Market ETF comprises 4.4% of Financial Consulate Inc.’s portfolio, making the stock its 6th biggest holding. Financial Consulate Inc. owned about 3.12% of Schwab Fundamental U.S. Broad Market ETF worth $31,488,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. AlphaCore Capital LLC raised its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 106,368.7% in the 2nd quarter. AlphaCore Capital LLC now owns 1,293,595 shares of the company’s stock worth $31,020,000 after buying an additional 1,292,380 shares in the last quarter. Corient Private Wealth LLC grew its position in Schwab Fundamental U.S. Broad Market ETF by 185.5% in the second quarter. Corient Private Wealth LLC now owns 140,592 shares of the company’s stock valued at $3,350,000 after acquiring an additional 91,345 shares during the period. Centurion Wealth Management LLC acquired a new position in Schwab Fundamental U.S. Broad Market ETF during the third quarter worth $2,213,000. Opes Wealth Management LLC raised its stake in Schwab Fundamental U.S. Broad Market ETF by 10.6% during the second quarter. Opes Wealth Management LLC now owns 701,803 shares of the company’s stock worth $16,829,000 after acquiring an additional 67,217 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 63.0% during the second quarter. MML Investors Services LLC now owns 145,641 shares of the company’s stock valued at $3,492,000 after acquiring an additional 56,299 shares during the period.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

FNDB opened at $26.57 on Friday. The firm’s 50-day simple moving average is $26.29 and its 200-day simple moving average is $25.36. Schwab Fundamental U.S. Broad Market ETF has a twelve month low of $19.94 and a twelve month high of $26.96. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 17.81 and a beta of 0.94.

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.