Redhawk Wealth Advisors Inc. Raises Stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Redhawk Wealth Advisors Inc. lifted its position in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 200.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,650 shares of the company’s stock after buying an additional 23,100 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Schwab Fundamental U.S. Broad Market Index ETF were worth $806,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc boosted its holdings in shares of 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 worth $36,000 after purchasing an additional 396 shares during the last quarter. FMR LLC boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 139.6% in the 3rd quarter. FMR LLC now owns 1,457 shares of the company’s stock worth $103,000 after buying an additional 849 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in Schwab Fundamental U.S. Broad Market Index ETF in the 2nd quarter valued at about $142,000. Winthrop Advisory Group LLC acquired a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter valued at about $211,000. Finally, Values Added Financial LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter worth about $331,000.

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

FNDB opened at $23.73 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a 1 year low of $19.88 and a 1 year high of $24.73. The company’s 50 day simple moving average is $23.88 and its 200 day simple moving average is $23.21. The stock has a market capitalization of $270.52 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.