Schwab Fundamental U.S. Broad Market ETF $FNDB is Financial Consulate Inc.’s 8th Largest Position

Financial Consulate Inc. trimmed its holdings in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,019,275 shares of the company’s stock after selling 204,030 shares during the period. Schwab Fundamental U.S. Broad Market ETF comprises approximately 3.7% of Financial Consulate Inc.’s portfolio, making the stock its 8th largest position. Financial Consulate Inc. owned about 2.55% of Schwab Fundamental U.S. Broad Market ETF worth $27,082,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FNDB. Goldman Sachs Group Inc. boosted its position in Schwab Fundamental U.S. Broad Market ETF by 8.3% during the first quarter. Goldman Sachs Group Inc. now owns 85,970 shares of the company’s stock valued at $1,978,000 after buying an additional 6,585 shares during the period. Jane Street Group LLC purchased a new stake in Schwab Fundamental U.S. Broad Market ETF during the first quarter valued at about $1,163,000. Geneos Wealth Management Inc. boosted its position in Schwab Fundamental U.S. Broad Market ETF by 3,140.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock valued at $64,000 after buying an additional 2,701 shares during the period. Cetera Investment Advisers boosted its position in Schwab Fundamental U.S. Broad Market ETF by 60.9% during the second quarter. Cetera Investment Advisers now owns 26,110 shares of the company’s stock valued at $626,000 after buying an additional 9,882 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Schwab Fundamental U.S. Broad Market ETF by 11.2% during the second quarter. JPMorgan Chase & Co. now owns 61,525 shares of the company’s stock valued at $1,475,000 after buying an additional 6,180 shares during the period.

Schwab Fundamental U.S. Broad Market ETF Stock Up 2.0%

NYSEARCA FNDB opened at $28.03 on Thursday. The company has a 50-day simple moving average of $27.77 and a two-hundred day simple moving average of $26.86. Schwab Fundamental U.S. Broad Market ETF has a 12-month low of $20.10 and a 12-month high of $28.70. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 17.81 and a beta of 0.92.

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.