Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Shares Acquired by Pineridge Advisors LLC

Pineridge Advisors LLC increased its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 357.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,049 shares of the company’s stock after purchasing an additional 5,507 shares during the period. Pineridge Advisors LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in FNDB. Pflug Koory LLC raised its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the 4th quarter. Pflug Koory LLC now owns 1,407 shares of the company’s stock valued at $33,000 after buying an additional 938 shares during the period. FMR LLC raised its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 139.6% during the third quarter. FMR LLC now owns 1,457 shares of the company’s stock valued at $103,000 after purchasing an additional 849 shares during the period. Valley National Advisers Inc. lifted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 165.7% during the fourth quarter. Valley National Advisers Inc. now owns 6,276 shares of the company’s stock worth $145,000 after purchasing an additional 3,914 shares in the last quarter. S.A. Mason LLC boosted its stake in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the fourth quarter. S.A. Mason LLC now owns 6,550 shares of the company’s stock valued at $152,000 after purchasing an additional 4,367 shares during the period. Finally, Crewe Advisors LLC increased its stake in Schwab Fundamental U.S. Broad Market Index ETF by 200.0% during the 4th quarter. Crewe Advisors LLC now owns 8,843 shares of the company’s stock worth $206,000 after buying an additional 5,895 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Price Performance

Shares of FNDB stock opened at $24.10 on Tuesday. The company’s fifty day moving average price is $23.83 and its two-hundred day moving average price is $23.43. The firm has a market capitalization of $274.74 million, a P/E ratio of 17.65 and a beta of 0.86. Schwab Fundamental U.S. Broad Market Index ETF has a 12 month low of $20.42 and a 12 month high of $24.73.

Schwab Fundamental U.S. Broad Market Index ETF Profile

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.