Callan Capital LLC Has $29.81 Million Stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Callan Capital LLC lowered its stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 454,527 shares of the company’s stock after selling 2,282 shares during the period. Schwab Fundamental U.S. Broad Market Index ETF accounts for approximately 2.5% of Callan Capital LLC’s holdings, making the stock its 9th biggest position. Callan Capital LLC’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $29,808,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its position in Schwab Fundamental U.S. Broad Market Index ETF by 5.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 163,612 shares of the company’s stock worth $10,730,000 after acquiring an additional 8,664 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. raised its position in Schwab Fundamental U.S. Broad Market Index ETF by 3.1% in the 2nd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 62,395 shares of the company’s stock worth $4,092,000 after purchasing an additional 1,869 shares during the last quarter. Mezzasalma Advisors LLC lifted its position in Schwab Fundamental U.S. Broad Market Index ETF by 77.8% during the 2nd quarter. Mezzasalma Advisors LLC now owns 48,896 shares of the company’s stock valued at $3,207,000 after purchasing an additional 21,390 shares during the period. Raymond James & Associates boosted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 8.9% in the 2nd quarter. Raymond James & Associates now owns 29,203 shares of the company’s stock worth $1,915,000 after purchasing an additional 2,384 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Schwab Fundamental U.S. Broad Market Index ETF by 5.5% in the second quarter. Commonwealth Equity Services LLC now owns 23,150 shares of the company’s stock valued at $1,518,000 after purchasing an additional 1,212 shares in the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Trading Up 1.4 %

Shares of NYSEARCA FNDB opened at $70.17 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a 1-year low of $52.39 and a 1-year high of $70.35. The firm has a market cap of $799.94 million, a PE ratio of 17.65 and a beta of 0.86. The company has a fifty day moving average price of $67.70 and a 200 day moving average price of $65.93.

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.