Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB – Get Free Report) shares fell 0% during trading on Thursday . The stock traded as low as $23.39 and last traded at $23.48. 43,739 shares traded hands during trading, a decline of 52% from the average session volume of 91,073 shares. The stock had previously closed at $23.49.
Schwab Fundamental U.S. Broad Market Index ETF Stock Down 0.4 %
The business’s fifty day moving average is $23.17 and its two-hundred day moving average is $22.31. The firm has a market cap of $266.53 million, a price-to-earnings ratio of 17.65 and a beta of 0.86.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in FNDB. Brightwater Advisory LLC acquired a new position in Schwab Fundamental U.S. Broad Market Index ETF in the second quarter valued at approximately $7,393,000. Mezzasalma Advisors LLC boosted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF by 385.4% in the 1st quarter. Mezzasalma Advisors LLC now owns 27,506 shares of the company’s stock worth $1,823,000 after purchasing an additional 21,839 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the second quarter worth $653,000. Fifth Third Securities Inc. bought a new stake in Schwab Fundamental U.S. Broad Market Index ETF in the second quarter valued at about $670,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake 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 valued at $10,730,000 after buying an additional 8,664 shares during the period.
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.
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