Chevy Chase Trust Holdings LLC Sells 2,890 Shares of Schwab Fundamental U.S. Broad Market ETF $FNDB

Chevy Chase Trust Holdings LLC reduced its holdings in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,505 shares of the company’s stock after selling 2,890 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Schwab Fundamental U.S. Broad Market ETF were worth $324,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. HighTower Advisors LLC lifted its holdings in Schwab Fundamental U.S. Broad Market ETF by 1.0% during the first quarter. HighTower Advisors LLC now owns 672,998 shares of the company’s stock worth $15,486,000 after acquiring an additional 6,918 shares during the period. Opes Wealth Management LLC lifted its holdings in Schwab Fundamental U.S. Broad Market ETF by 22.3% during the first quarter. Opes Wealth Management LLC now owns 634,586 shares of the company’s stock worth $14,602,000 after acquiring an additional 115,761 shares during the period. Sound Stewardship LLC lifted its holdings in Schwab Fundamental U.S. Broad Market ETF by 7.8% during the second quarter. Sound Stewardship LLC now owns 616,513 shares of the company’s stock worth $14,784,000 after acquiring an additional 44,389 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Schwab Fundamental U.S. Broad Market ETF by 6.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 611,814 shares of the company’s stock worth $14,078,000 after acquiring an additional 35,621 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in Schwab Fundamental U.S. Broad Market ETF by 6.1% during the first quarter. Raymond James Financial Inc. now owns 445,799 shares of the company’s stock worth $10,258,000 after acquiring an additional 25,602 shares during the period.

Schwab Fundamental U.S. Broad Market ETF Price Performance

Shares of FNDB opened at $25.93 on Wednesday. The firm has a market cap of $1.02 billion, a PE ratio of 17.81 and a beta of 1.02. The stock’s fifty day moving average price is $25.42 and its two-hundred day moving average price is $23.99. Schwab Fundamental U.S. Broad Market ETF has a 1 year low of $19.94 and a 1 year high of $26.05.

Schwab Fundamental U.S. Broad Market 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.