Sovran Advisors LLC Purchases New Position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Sovran Advisors LLC acquired a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,729 shares of the company’s stock, valued at approximately $531,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pflug Koory LLC raised its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the fourth quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock valued at $33,000 after purchasing an additional 938 shares during the last quarter. FMR LLC grew its position in Schwab Fundamental U.S. Broad Market Index ETF by 139.6% in the 3rd quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after purchasing an additional 849 shares in the last quarter. Winthrop Advisory Group LLC purchased a new stake in Schwab Fundamental U.S. Broad Market Index ETF in the 3rd quarter valued at about $211,000. Glass Jacobson Investment Advisors llc lifted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 515.7% during the third quarter. Glass Jacobson Investment Advisors llc now owns 3,405 shares of the company’s stock worth $240,000 after acquiring an additional 2,852 shares during the period. Finally, Values Added Financial LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter worth $331,000.

Schwab Fundamental U.S. Broad Market Index ETF Stock Down 0.4 %

Schwab Fundamental U.S. Broad Market Index ETF stock opened at $24.08 on Thursday. The firm has a 50 day moving average price of $23.81 and a 200-day moving average price of $23.46. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $20.42 and a twelve month high of $24.73. The company has a market capitalization of $274.51 million, a P/E ratio of 17.65 and a beta of 0.86.

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.