Foster & Motley Inc. Buys New Holdings in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

Foster & Motley Inc. bought a new stake in Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,356 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Kaizen Financial Strategies raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 0.8% in the fourth quarter. Kaizen Financial Strategies now owns 20,172 shares of the company’s stock valued at $1,233,000 after acquiring an additional 169 shares in the last quarter. Exencial Wealth Advisors LLC raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 3.3% in the third quarter. Exencial Wealth Advisors LLC now owns 9,522 shares of the company’s stock valued at $525,000 after acquiring an additional 301 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 1.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 47,659 shares of the company’s stock valued at $2,626,000 after acquiring an additional 510 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 0.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 122,720 shares of the company’s stock valued at $6,761,000 after acquiring an additional 510 shares in the last quarter. Finally, Clarius Group LLC raised its holdings in Schwab Fundamental U.S. Broad Market Index ETF by 3.0% in the fourth quarter. Clarius Group LLC now owns 27,713 shares of the company’s stock valued at $1,693,000 after acquiring an additional 805 shares in the last quarter.

Schwab Fundamental U.S. Broad Market Index ETF Trading Down 0.7 %

FNDB stock opened at $63.66 on Friday. Schwab Fundamental U.S. Broad Market Index ETF has a twelve month low of $52.39 and a twelve month high of $66.32. The company’s 50 day moving average is $64.19 and its two-hundred day moving average is $60.53. The stock has a market cap of $719.36 million, a P/E ratio of 17.16 and a beta of 0.88.

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.