Cowa LLC Makes New $2.59 Million Investment in Schwab Fundamental U.S. Broad Market ETF $FNDB

Cowa LLC purchased a new stake in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 98,501 shares of the company’s stock, valued at approximately $2,591,000. Cowa LLC owned 0.25% of Schwab Fundamental U.S. Broad Market ETF as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. AlphaCore Capital LLC raised its position in Schwab Fundamental U.S. Broad Market ETF by 106,368.7% in the second quarter. AlphaCore Capital LLC now owns 1,293,595 shares of the company’s stock valued at $31,020,000 after purchasing an additional 1,292,380 shares during the period. Family Capital Management Inc. boosted its position in shares of Schwab Fundamental U.S. Broad Market ETF by 65.2% during the third quarter. Family Capital Management Inc. now owns 56,283 shares of the company’s stock worth $1,449,000 after buying an additional 22,213 shares during the period. Centurion Wealth Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the third quarter valued at $2,213,000. Jones Financial Companies Lllp raised its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 48.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 78,469 shares of the company’s stock valued at $2,019,000 after buying an additional 25,574 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Schwab Fundamental U.S. Broad Market ETF by 28.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 245,556 shares of the company’s stock worth $5,888,000 after acquiring an additional 54,868 shares in the last quarter.

Schwab Fundamental U.S. Broad Market ETF Price Performance

Shares of Schwab Fundamental U.S. Broad Market ETF stock opened at $28.14 on Tuesday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 17.81 and a beta of 0.94. The business has a 50-day moving average of $27.52 and a 200 day moving average of $26.34. Schwab Fundamental U.S. Broad Market ETF has a 12 month low of $19.94 and a 12 month high of $28.70.

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.