Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) Sets New 52-Week High at $69.31

Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) hit a new 52-week high on Thursday . The company traded as high as $69.31 and last traded at $69.27, with a volume of 17808 shares changing hands. The stock had previously closed at $68.68.

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

The firm has a market capitalization of $793.10 million, a P/E ratio of 17.65 and a beta of 0.86. The stock has a 50 day moving average of $66.99 and a two-hundred day moving average of $65.39.

Institutional Investors Weigh In On Schwab Fundamental U.S. Broad Market Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Pineridge Advisors LLC raised its position in shares of 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 worth $113,000 after acquiring an additional 182 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 1.5% in the second quarter. Nicholas Hoffman & Company LLC. now owns 17,795 shares of the company’s stock valued at $1,167,000 after purchasing an additional 259 shares during the last quarter. Foster & Motley Inc. increased its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 7.5% in the second quarter. Foster & Motley Inc. now owns 3,907 shares of the company’s stock valued at $256,000 after purchasing an additional 272 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its holdings 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 valued at $36,000 after purchasing an additional 396 shares during the last quarter. Finally, Cozad Asset Management Inc. increased its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 5.4% in the first quarter. Cozad Asset Management Inc. now owns 10,595 shares of the company’s stock valued at $702,000 after purchasing an additional 542 shares during the last quarter.

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.