Sigma Planning Corp Acquires 274,441 Shares of Schwab Fundamental U.S. Broad Market ETF $FNDB

Sigma Planning Corp acquired a new stake in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 274,441 shares of the company’s stock, valued at approximately $8,401,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Schwab Fundamental U.S. Broad Market ETF by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 296,599 shares of the company’s stock worth $9,034,000 after purchasing an additional 18,829 shares in the last quarter. Kaizen Financial Strategies boosted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 22.8% during the third quarter. Kaizen Financial Strategies now owns 244,801 shares of the company’s stock valued at $7,493,000 after purchasing an additional 45,463 shares in the last quarter. James Investment Research Inc. boosted its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 1.6% during the third quarter. James Investment Research Inc. now owns 130,709 shares of the company’s stock valued at $4,001,000 after purchasing an additional 2,120 shares in the last quarter. Carnegie Investment Counsel bought a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the third quarter worth about $3,164,000. Finally, Centurion Wealth Management LLC grew its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 1.2% during the second quarter. Centurion Wealth Management LLC now owns 95,380 shares of the company’s stock worth $2,905,000 after purchasing an additional 1,120 shares during the last quarter.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

NYSEARCA:FNDB opened at $31.67 on Monday. The stock’s 50-day moving average is $31.42 and its 200-day moving average is $30.58. Schwab Fundamental U.S. Broad Market ETF has a 1-year low of $25.21 and a 1-year high of $32.03. The stock has a market cap of $1.50 billion, a P/E ratio of 17.81 and a beta of 0.88.

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.