PNC Financial Services Group Inc. Sells 2,818 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

PNC Financial Services Group Inc. trimmed its position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 46.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,300 shares of the company’s stock after selling 2,818 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $202,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nicholas Hoffman & Company LLC. increased its position in Schwab Fundamental U.S. Broad Market Index ETF by 128.2% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 12,722 shares of the company’s stock worth $777,000 after acquiring an additional 7,147 shares during the period. Raymond James & Associates raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 10.0% in the fourth quarter. Raymond James & Associates now owns 26,372 shares of the company’s stock valued at $1,611,000 after buying an additional 2,390 shares in the last quarter. Foster & Motley Inc. bought a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter valued at approximately $205,000. Sound Stewardship LLC grew its position in Schwab Fundamental U.S. Broad Market Index ETF by 2.2% during the fourth quarter. Sound Stewardship LLC now owns 194,499 shares of the company’s stock worth $11,884,000 after buying an additional 4,224 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Schwab Fundamental U.S. Broad Market Index ETF by 9.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 133,709 shares of the company’s stock worth $8,170,000 after buying an additional 10,989 shares in the last quarter.

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

Shares of NYSEARCA FNDB opened at $65.80 on Wednesday. The stock has a market capitalization of $750.12 million, a P/E ratio of 17.65 and a beta of 0.86. The stock’s fifty day moving average is $65.17 and its 200 day moving average is $63.61. Schwab Fundamental U.S. Broad Market Index ETF has a 52 week low of $52.39 and a 52 week high of $66.46.

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.