Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.67 and traded as high as $24.63. Schwab Fundamental U.S. Broad Market Index ETF shares last traded at $24.63, with a volume of 71,727 shares traded.

Schwab Fundamental U.S. Broad Market Index ETF Trading Down 0.0 %

The firm’s 50-day moving average is $23.67 and its two-hundred day moving average is $22.73. The stock has a market cap of $280.78 million, a price-to-earnings ratio of 17.65 and a beta of 0.86.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Financial Consulate Inc. raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 0.8% during the 3rd quarter. Financial Consulate Inc. now owns 553,625 shares of the company’s stock worth $38,959,000 after purchasing an additional 4,435 shares during the last quarter. HighTower Advisors LLC raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 1.3% in the 3rd quarter. HighTower Advisors LLC now owns 220,509 shares of the company’s stock valued at $15,518,000 after acquiring an additional 2,903 shares during the last quarter. Systelligence LLC raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 1.6% in the 3rd quarter. Systelligence LLC now owns 201,315 shares of the company’s stock valued at $14,167,000 after acquiring an additional 3,213 shares during the last quarter. Sound Stewardship LLC raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 1.1% in the 3rd quarter. Sound Stewardship LLC now owns 198,159 shares of the company’s stock valued at $13,944,000 after acquiring an additional 2,151 shares during the last quarter. Finally, Opes Wealth Management LLC raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 0.8% in the 3rd quarter. Opes Wealth Management LLC now owns 170,538 shares of the company’s stock valued at $12,001,000 after acquiring an additional 1,385 shares during the last quarter.

About Schwab Fundamental U.S. Broad Market Index 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.