AdvisorNet Financial Inc grew its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB – Free Report) by 201.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 42,469 shares of the company’s stock after acquiring an additional 28,397 shares during the quarter. AdvisorNet Financial Inc’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $988,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Glass Jacobson Investment Advisors llc grew its position in Schwab Fundamental U.S. Broad Market Index ETF by 252.2% in the second quarter. Glass Jacobson Investment Advisors llc now owns 553 shares of the company’s stock valued at $36,000 after purchasing an additional 396 shares in the last quarter. Creative Planning boosted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 4.7% during the 2nd quarter. Creative Planning now owns 14,445 shares of the company’s stock worth $947,000 after buying an additional 653 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the 2nd quarter valued at about $653,000. Brightwater Advisory LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the second quarter valued at about $7,393,000. Finally, Centaurus Financial Inc. bought a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the second quarter worth about $142,000.
Schwab Fundamental U.S. Broad Market Index ETF Stock Performance
Shares of NYSEARCA FNDB opened at $23.35 on Wednesday. The stock has a 50 day moving average price of $23.90 and a 200 day moving average price of $23.21. The stock has a market capitalization of $266.19 million, a PE ratio of 17.65 and a beta of 0.86. Schwab Fundamental U.S. Broad Market Index ETF has a 52 week low of $19.88 and a 52 week high of $24.73.
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.
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