Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 27,725 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 30,043 shares.The stock last traded at $70.18 and had previously closed at $70.22.
Schwab Fundamental U.S. Broad Market Index ETF Price Performance
The firm has a market capitalization of $800.51 million, a P/E ratio of 17.65 and a beta of 0.86. The stock’s fifty day simple moving average is $67.96 and its 200 day simple moving average is $66.21.
Hedge Funds Weigh In On Schwab Fundamental U.S. Broad Market Index ETF
Several institutional investors and hedge funds have recently bought and sold shares of FNDB. Glass Jacobson Investment Advisors llc raised its position in Schwab Fundamental U.S. Broad Market Index ETF by 252.2% during the second quarter. Glass Jacobson Investment Advisors llc now owns 553 shares of the company’s stock valued at $36,000 after acquiring an additional 396 shares in the last quarter. Hexagon Capital Partners LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 2nd quarter valued at approximately $40,000. Pineridge Advisors LLC purchased a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter worth $93,000. Centaurus Financial Inc. purchased a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the second quarter worth $142,000. Finally, Vanguard Capital Wealth Advisors acquired a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the second quarter valued at $229,000.
Schwab Fundamental U.S. Broad Market Index ETF Company 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.
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