Townsend Asset Management Corp NC ADV Has $3.34 Million Holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Townsend Asset Management Corp NC ADV increased its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 181.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 143,384 shares of the company’s stock after buying an additional 92,385 shares during the quarter. Schwab Fundamental U.S. Broad Market Index ETF accounts for approximately 1.2% of Townsend Asset Management Corp NC ADV’s holdings, making the stock its 25th largest holding. Townsend Asset Management Corp NC ADV owned 1.26% of Schwab Fundamental U.S. Broad Market Index ETF worth $3,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FNDB. Stifel Financial Corp grew its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 24.0% in the 3rd quarter. Stifel Financial Corp now owns 4,895 shares of the company’s stock valued at $344,000 after acquiring an additional 946 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 10,860 shares of the company’s stock valued at $253,000 after acquiring an additional 7,240 shares in the last quarter. FMR LLC grew its holdings in shares of 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 valued at $103,000 after acquiring an additional 849 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 269.0% in the 4th quarter. Allworth Financial LP now owns 1,107 shares of the company’s stock valued at $27,000 after acquiring an additional 807 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF by 200.0% in the 4th quarter. HB Wealth Management LLC now owns 37,863 shares of the company’s stock valued at $881,000 after acquiring an additional 25,242 shares in the last quarter.

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

Shares of NYSEARCA FNDB opened at $23.51 on Thursday. The stock has a market capitalization of $894.56 million, a price-to-earnings ratio of 19.46 and a beta of 1.02. The business has a 50-day moving average of $23.87 and a 200-day moving average of $23.66. Schwab Fundamental U.S. Broad Market Index ETF has a fifty-two week low of $20.83 and a fifty-two week high of $24.73.

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.