Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Shares Down 0.5% – Time to Sell?

Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) shares fell 0.5% during trading on Thursday . The company traded as low as $24.07 and last traded at $24.09. 89,899 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 90,655 shares. The stock had previously closed at $24.22.

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

The firm has a market cap of $272.69 million, a P/E ratio of 17.65 and a beta of 0.86. The stock has a 50 day moving average of $23.46 and a 200 day moving average of $22.58.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FNDB. Pineridge Advisors LLC boosted its position in Schwab Fundamental U.S. Broad Market Index ETF by 12.0% during the first quarter. Pineridge Advisors LLC now owns 1,702 shares of the company’s stock valued at $113,000 after buying an additional 182 shares during the period. Nicholas Hoffman & Company LLC. boosted its position in Schwab Fundamental U.S. Broad Market Index ETF by 1.5% during the second quarter. Nicholas Hoffman & Company LLC. now owns 17,795 shares of the company’s stock valued at $1,167,000 after buying an additional 259 shares during the period. Foster & Motley Inc. boosted its position in Schwab Fundamental U.S. Broad Market Index ETF by 7.5% during the second quarter. Foster & Motley Inc. now owns 3,907 shares of the company’s stock valued at $256,000 after buying an additional 272 shares during the period. Glass Jacobson Investment Advisors llc boosted 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 buying an additional 396 shares during the period. Finally, Foster Group Inc. boosted its position in Schwab Fundamental U.S. Broad Market Index ETF by 2.3% during the third quarter. Foster Group Inc. now owns 21,435 shares of the company’s stock valued at $1,508,000 after buying an additional 473 shares during the period.

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.