Wealthspire Advisors LLC Increases Stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Wealthspire Advisors LLC grew its position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 200.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 70,740 shares of the company’s stock after purchasing an additional 47,160 shares during the quarter. Wealthspire Advisors LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $1,645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FNDB. Allworth Financial LP boosted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 269.0% during the fourth quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock valued at $27,000 after buying an additional 807 shares during the last quarter. Pflug Koory LLC boosted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the 4th quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock valued at $33,000 after acquiring an additional 938 shares during the last quarter. Tanglewood Legacy Advisors LLC purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter valued at about $97,000. FMR LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 139.6% in the third quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after acquiring an additional 849 shares during the period. Finally, Valley National Advisers Inc. raised its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 165.7% during the fourth quarter. Valley National Advisers Inc. now owns 6,276 shares of the company’s stock valued at $145,000 after purchasing an additional 3,914 shares during the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Trading Down 0.1 %

Shares of FNDB stock opened at $24.02 on Tuesday. Schwab Fundamental U.S. Broad Market Index ETF has a 12-month low of $20.83 and a 12-month high of $24.73. The stock has a market capitalization of $273.83 million, a P/E ratio of 17.65 and a beta of 0.86. The firm’s 50 day moving average is $23.81 and its 200 day moving average is $23.58.

Schwab Fundamental U.S. Broad Market Index 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.