MorganRosel Wealth Management LLC Acquires 25,283 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

MorganRosel Wealth Management LLC boosted its holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 199.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,979 shares of the company’s stock after buying an additional 25,283 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Consulate Inc. lifted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 196.5% during the 4th quarter. Financial Consulate Inc. now owns 1,641,227 shares of the company’s stock valued at $38,175,000 after buying an additional 1,087,602 shares during the period. Callan Capital LLC increased its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 195.8% during the 4th quarter. Callan Capital LLC now owns 1,353,972 shares of the company’s stock valued at $31,493,000 after purchasing an additional 896,188 shares during the last quarter. Sound Stewardship LLC boosted its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 194.0% in the fourth quarter. Sound Stewardship LLC now owns 582,573 shares of the company’s stock worth $13,551,000 after buying an additional 384,414 shares during the last quarter. Opes Wealth Management LLC grew its position in Schwab Fundamental U.S. Broad Market Index ETF by 204.2% during the fourth quarter. Opes Wealth Management LLC now owns 518,825 shares of the company’s stock valued at $12,068,000 after buying an additional 348,287 shares during the period. Finally, Systelligence LLC grew its position in Schwab Fundamental U.S. Broad Market Index ETF by 129.0% during the fourth quarter. Systelligence LLC now owns 461,048 shares of the company’s stock valued at $10,724,000 after buying an additional 259,733 shares during the period.

Schwab Fundamental U.S. Broad Market Index ETF Trading Down 0.1 %

FNDB opened at $24.02 on Tuesday. Schwab Fundamental U.S. Broad Market Index ETF has a 1-year low of $20.83 and a 1-year high of $24.73. The firm’s 50 day simple moving average is $23.81 and its two-hundred day simple moving average is $23.58. The company has a market capitalization of $273.83 million, a PE 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.