Schwab Fundamental U.S. Broad Market ETF $FNDB Shares Sold by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV cut its position in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 47.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,420 shares of the company’s stock after selling 61,631 shares during the quarter. Townsend Asset Management Corp NC ADV’s holdings in Schwab Fundamental U.S. Broad Market ETF were worth $1,761,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 8.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,853 shares of the company’s stock worth $158,000 after buying an additional 514 shares during the last quarter. Total Investment Management Inc. increased its holdings in Schwab Fundamental U.S. Broad Market ETF by 4.1% during the 2nd quarter. Total Investment Management Inc. now owns 20,108 shares of the company’s stock valued at $482,000 after acquiring an additional 786 shares in the last quarter. Traub Capital Management LLC purchased a new position in Schwab Fundamental U.S. Broad Market ETF during the 2nd quarter valued at about $25,000. Ameritas Advisory Services LLC acquired a new position in Schwab Fundamental U.S. Broad Market ETF during the second quarter worth about $27,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 99.9% in the second quarter. Parallel Advisors LLC now owns 2,999 shares of the company’s stock valued at $72,000 after purchasing an additional 1,499 shares in the last quarter.

Schwab Fundamental U.S. Broad Market ETF Price Performance

FNDB stock opened at $26.83 on Friday. The company’s 50 day simple moving average is $26.23 and its 200-day simple moving average is $25.27. The firm has a market capitalization of $1.04 billion, a PE ratio of 17.81 and a beta of 0.94. Schwab Fundamental U.S. Broad Market ETF has a 12 month low of $19.94 and a 12 month high of $26.96.

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.