Channel Wealth LLC Increases Position in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Channel Wealth LLC raised its position in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 200.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,710 shares of the company’s stock after purchasing an additional 25,140 shares during the period. Channel Wealth LLC owned approximately 0.33% of Schwab Fundamental U.S. Broad Market Index ETF worth $877,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc boosted its stake in Schwab Fundamental U.S. Broad Market Index ETF by 252.2% in the second quarter. Glass Jacobson Investment Advisors llc now owns 553 shares of the company’s stock worth $36,000 after buying an additional 396 shares in the last quarter. FMR LLC lifted 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 worth $103,000 after acquiring an additional 849 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF in the 2nd quarter valued at $142,000. Winthrop Advisory Group LLC bought a new position in shares of Schwab Fundamental U.S. Broad Market Index ETF during the 3rd quarter valued at $211,000. Finally, Values Added Financial LLC purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF in the 3rd quarter worth $331,000.

Schwab Fundamental U.S. Broad Market Index ETF Stock Up 0.3 %

Schwab Fundamental U.S. Broad Market Index ETF stock opened at $23.73 on Friday. The firm has a fifty day simple moving average of $23.88 and a two-hundred day simple moving average of $23.21. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $19.88 and a twelve month high of $24.73. The company has a market capitalization of $270.52 million, a PE ratio of 17.65 and a beta of 0.86.

Schwab Fundamental U.S. Broad Market Index ETF 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.