Harbour Investments Inc. Raises Stock Position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Harbour Investments Inc. raised its stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 201.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,348 shares of the company’s stock after acquiring an additional 4,910 shares during the quarter. Harbour Investments Inc. owned approximately 0.06% of Schwab Fundamental U.S. Broad Market Index ETF worth $171,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 269.0% in the 4th quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock worth $27,000 after acquiring an additional 807 shares in the last quarter. Pflug Koory LLC increased 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 raised its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 139.6% during the 3rd quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after acquiring an additional 849 shares during the period. Blume Capital Management Inc. raised its stake in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the fourth quarter. Blume Capital Management Inc. now owns 3,000 shares of the company’s stock worth $70,000 after purchasing an additional 2,000 shares during the period. Finally, Glass Jacobson Investment Advisors llc lifted its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 515.7% in the third quarter. Glass Jacobson Investment Advisors llc now owns 3,405 shares of the company’s stock valued at $240,000 after acquiring an additional 2,852 shares during the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Trading Down 0.3 %

NYSEARCA FNDB opened at $23.14 on Friday. The stock has a market cap of $885.11 million, a PE ratio of 18.58 and a beta of 1.02. The stock has a fifty day simple moving average of $23.80 and a 200-day simple moving average of $23.68. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $20.83 and a twelve month 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.