Mather Group LLC. Cuts Stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Mather Group LLC. reduced its position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,527 shares of the company’s stock after selling 891 shares during the quarter. Mather Group LLC. owned about 0.07% of Schwab Fundamental U.S. Broad Market Index ETF worth $565,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Financial Consulate Inc. raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 0.9% in the first quarter. Financial Consulate Inc. now owns 546,597 shares of the company’s stock worth $36,218,000 after acquiring an additional 4,633 shares during the period. Opes Wealth Management LLC raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 0.7% in the 4th quarter. Opes Wealth Management LLC now owns 165,971 shares of the company’s stock valued at $10,141,000 after acquiring an additional 1,226 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 15.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 154,948 shares of the company’s stock valued at $10,267,000 after acquiring an additional 21,239 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 227.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 113,063 shares of the company’s stock valued at $7,492,000 after acquiring an additional 78,566 shares during the last quarter. Finally, Clarius Group LLC grew its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 3.0% in the 4th quarter. Clarius Group LLC now owns 27,713 shares of the company’s stock valued at $1,693,000 after buying an additional 805 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 1.0 %

Shares of Schwab Fundamental U.S. Broad Market Index ETF stock traded up $0.65 during mid-day trading on Tuesday, hitting $64.82. The stock had a trading volume of 36,817 shares, compared to its average volume of 29,937. The firm has a 50-day moving average of $66.19 and a two-hundred day moving average of $64.68. Schwab Fundamental U.S. Broad Market Index ETF has a 12-month low of $52.39 and a 12-month high of $68.84. The firm has a market cap of $738.95 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.