Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB – Get Free Report) traded down 0% during trading on Thursday . The stock traded as low as $23.39 and last traded at $23.48. 43,739 shares changed hands during trading, a decline of 52% from the average session volume of 91,073 shares. The stock had previously closed at $23.49.
Schwab Fundamental U.S. Broad Market Index ETF Stock Performance
The stock has a market cap of $267.67 million, a PE ratio of 17.65 and a beta of 0.86. The company’s 50-day moving average price is $23.16 and its 200 day moving average price is $22.30.
Institutional Trading of Schwab Fundamental U.S. Broad Market Index ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc grew its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 252.2% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 553 shares of the company’s stock valued at $36,000 after acquiring an additional 396 shares during the period. Hexagon Capital Partners LLC purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF during the second quarter valued at $40,000. Pineridge Advisors LLC grew its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 12.0% during the first quarter. Pineridge Advisors LLC now owns 1,702 shares of the company’s stock valued at $113,000 after purchasing an additional 182 shares during the period. Centaurus Financial Inc. purchased a new stake in Schwab Fundamental U.S. Broad Market Index ETF in the second quarter worth about $142,000. Finally, Vanguard Capital Wealth Advisors bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF in the second quarter worth about $229,000.
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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