Schwab Fundamental U.S. Broad Market ETF $FNDB Shares Bought by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC raised its stake in shares of Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) by 11.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,247 shares of the company’s stock after acquiring an additional 9,757 shares during the period. Resonant Capital Advisors LLC owned approximately 0.25% of Schwab Fundamental U.S. Broad Market ETF worth $2,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of Schwab Fundamental U.S. Broad Market ETF in the 2nd quarter worth approximately $27,000. AlphaCore Capital LLC purchased a new stake in Schwab Fundamental U.S. Broad Market ETF in the first quarter valued at approximately $28,000. Larson Financial Group LLC acquired a new position in Schwab Fundamental U.S. Broad Market ETF during the first quarter worth $44,000. Geneos Wealth Management Inc. lifted its stake in Schwab Fundamental U.S. Broad Market ETF by 3,140.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock worth $64,000 after purchasing an additional 2,701 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Schwab Fundamental U.S. Broad Market ETF by 99.9% during the second quarter. Parallel Advisors LLC now owns 2,999 shares of the company’s stock worth $72,000 after buying an additional 1,499 shares during the period.

Schwab Fundamental U.S. Broad Market ETF Trading Up 0.6%

Shares of NYSEARCA FNDB opened at $26.11 on Friday. The stock has a market capitalization of $1.02 billion, a PE ratio of 17.81 and a beta of 1.02. Schwab Fundamental U.S. Broad Market ETF has a twelve month low of $19.94 and a twelve month high of $26.19. The stock has a fifty day simple moving average of $25.49 and a 200-day simple moving average of $24.10.

About Schwab Fundamental U.S. Broad Market 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.